These guys are on my watchlist for sure.
My one concern is that their staff costs are rising faster than revenue, causing the NPAT margin to decrease.
Revenue up 19%
NPAT 'flat' yet a solid 32% of revenue...BUT down from 38% FY21...that's a 15% DROP...
Any management comment on this?
Ann: 2022 Full Year Annual Report & Appendix 4E, page-2
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Add NWL (ASX) to my watchlist
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