Pretty ordinary. $1.2m write off for a warehouse project it turns out they didn't need anyway? How did it get authorised in the first place.
I also don't like the "profit xxx......except for, except for" when a number of the "except for"s reflect normal business conditions or address earlier incorrect assessments of value such as the property valuations.
What about some commentary about the fact they keep spending on acquisitions but overall profitability is standing still?
Plenty of potential still here but not if they can't bring the efficiency. I'll give them the benefit of the doubt but if they're still pottering around like this in FY26 then there's all a bit too much hot air.
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