Cash should be spent on acquisitions of additional stores and 8 storey building which expected to be completed by 30 June 2014. Cash is also possibly used to repay the loan.
Half year figure is in line with annualised sales of $88m. Then annualised net profit after tax is approx. $15m
P/E ratio is only 2.2
E/V is only few million dollars!
Ann: 2014 Half Year Preview, page-14
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