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Ann: Appendix 4C H1 Q2 2019, page-18

  1. jlo2012
    2,890 Posts.
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    30/07/19
    10:25
    Post #: 39754441
    No, you are confusing general operating costs with specifically the COGS for EU Tier 1 card processing which is what I'm referring to.

    It would appear interchange ended up being higher than originally expected resulting in a hit to below the line (gross profit).

    I've enquired and am satisifed with the explanation for the change.

    Everything else looks outstanding.
    ISX Price at posting: 76.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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