Ann: H1 FY25 Investor Presentation, page-7

  1. 12 Posts.
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    Well, not sure results are worse than anticipated? What were the few sell-side analysts expecting?
    - share trades already below TBV of 0.66 per share.
    - we knew there were excess overheads costs as integration of several functions is ongoing
    - ULAB business is currently generating 0m EBITDA due to Chinese
    - they are now officially focusing on organic growth exclusively
 
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