Ann: DDH1 FY23 Results Presentation, page-2

Page 10, EBITDA percentage margin good at 21.7% but decreasing year by year since 2019 percentage wise.

Page 8, NPAT down 0.4%- by 200k- call it almost flat.

Overall, margin compression looks like a thing.

But makes a profit- and most in the sector would give their proverbials for net debt of $4m.

But what has Mr Market spotted- or what was he expecting?

IMHO DYOR

ZIP reporting today so Diane will be busy.