A decent enough result, even allowing for Easter being in the quarter. the 778K at Pheasants next is better than what I thought it may be as it will take awhile for people to know they are there.. Hopefully some positive comments on this forum may follow "March Quarter Trading Commentary The Company revenue was $7.57m, an increase of $1,185m (18.56%) and EBIT was $362k, up $81k (28.82%) both as compared to March 2023 quarter. Our sales were impacted positively because of: • Full quarter of sales from the two new stores at Pheasants Nest ($778k). • Extra day trading in the quarter due to 2024 being a leap year (85k). • Extra revenue from our Wyong South store due to the closure of McDonald’s (refer to previous announcement 29 January 2024) ($142k). • Three of the four Easter trading days fell in March this year compared to April last year ($180k)."
OLI Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
