I think last quarter they were preparing for Pepp china launch and bird flu business. If you look at the value of their order book , all business value indicated in their 4C quarterly is about A$9m. Even if you discount 50% of that is already $4.5m. Understand from their previous financial report, that their gross margins is usually more than 30%. I think second half of the year may be better than first half.
multi million dollar mou , page-6
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