Ann: Half Year Accounts for period ended 31 December 2021, page-4

Continually raising revenue (and base cost of services to the customer) but still can’t identify healthy profit is what I read and that’s after shipping labour offshore and in the middle of a perfect storm of businesses moving to the cloud in record numbers and increasing needs for lean processes.

Acquisitions are the ones providing the profit with very low turnover ratio. They were a wise move to shore up the balance sheet whilst those famed headwinds continue in the core business.

Thankfully, I hear there is a decent size acquisition getting to the wire which should keep interest a little longer.

The Chairman actually makes more net profit from his trampoline business in Thailand than his ASX listed company.

The only growth in the last few years is the Executive salaries.