Sheesh. I hate to be a bearer of bad tidings, but this result...

Sheesh.

I hate to be a bearer of bad tidings, but this result indicates an acceleration in the decay in the core businesses, with normalised [*] Pre-Tax Profit down a whopping 35% in the second half to $7.8m (by comparison, first-half Pre-Tax Profit was down 12%).

That means the result for the second-half is not much higher than the decade-low second-half Pre-Tax Profit of $7.2m (recorded in JH2015); yet since then more than $36m worth of acquisitions have been made.


[*] i.e., after stripping out the Symplicit-related write-back.