$4m month is for group sales, which is still a great achievement and very reassuring that sales continue to grow.
It's notable they sold and leased back the property they bought in 2019 to free up some cash to reduce debt and for working capital. The property - for a profit of 38%.
We know there was a big ramp up in recruitment in the half which led to the increase in costs, but the sales trajectory and company forecasts are that the cashflow will significantly improve, as the expanded sales team push through more sales. The pipeline of hospitals signed looks like a great set up.
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$1.17 |
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