Ann: Veris 1H FY20 Results Presentation, page-55

Indeed - they also would have a lower utilisation rate from the antecedent businessess I imagine (I have no evidence) but that would be a sensible conclusion, however I expect their unit cost per hour might be lower but they have lost that advantage with the ridicolous pricing policy...all the while their is a documented skills shortage in the industry (ie a supply limitation) and the cut pricing. Akin to a supermarket discounting toilet paper at the moment when demand far outstrips supply.

Now it just so happens the former BD manager when this strategy was hatched is the current MD or was it hatched when he was the former MD.