Dear me....Revenue decreased by 15% ....uncontrollable but then operating expenses increase by 80% and this is due to "This increase on the prior year reflects an increase in business development activity as the Company continues to invest its growth
capability and assess investment opportunities". What business activity?? In addition the company hasn't invested in anything since listing...and whats worse the company has increased its borrowing facility by $150m and a consequence of this is our interest bill has doubled (this is for an un used facility)....ever noticed our trade payables have gone up 60%....yep you guessed it all to do with employee expenses...so now we pay more for these guys for less earnings....
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- Ann: Annual Report 2023 and Appendix 4E
Ann: Annual Report 2023 and Appendix 4E, page-3
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