Interestingly this was on lower revenues, down by $1.06mill on the previous quarter. This reflects the business cutting out non-profitable clientelle. Was always going to be a hit in the short-term. Company just needs to now build on those revenues and profit margins (currently 23%, aiming for 40%) and AJX will finally start re-rating again.
Ann: Appendix 4C - quarterly, page-3
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