STP step one clothing limited
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  1. Nano_Land
    280 Posts.
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    23/02/23
    14:26
    Post #: 66422143
    Not sure what accounts you are reading?

    Adjusted for one-offs such as share based payments, IPO costs etc, operating costs were down ~12% over the prior half, mainly due to a decline in marketing spend, which was and arguably still is too high. In a slower growth market that's what you want to see. BTW Q2 sales were up 1%.

    Same will be the case in H2 has the US lost ~$2.8m due to high marketing costs, which will not happen again.
    STP Price at posting: 33.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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