Hopefully the market likes this update yet the reality is the FY24 EBIT result is a 60% decline. Think it will take more than a couple of weeks of positive sales growth on the back of a collaboration to convince me this has truly started a turn around. Even with sales improving and margin holding ground the 2H EBIT loss is more than double that of the 2H in FY23.
Cash and inventory well managed as has always been the case. Surely the Board's rhetoric of having to borrow money for a buyback is losing some credibility now.
Ann: FY24 Trading Update, page-5
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Mkt cap ! $47.63M | |||
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