Some positives, and a few negatives here, but nice to see WRR deliver an OCF in excess of $1m
Overall, business continues to be profitable, generating cash and increasing sales
All interest bearing debt paid off, and with $1.3m cash on hand EV of approx. $4m
Sales for H1 of $8.4m vs $12.6m for all of FY14
New products continue to be developed to help support new sales into FY16. WRR are exposed to a large number of external factors that drive revenue/profit - product diversification will help provide WRR with a more stable base.
WRR Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held