Ann: Appendix 4D and Half Year Financial Report, page-5

Ebooks reduced their loss...ok. With the loss being attributable to depreciation. Gross profit too small compared to the technology or acquisition costs? Unless that improves at some point.

Apparently international ebook sales fell a fair bit, but now they have little room to fall. Domestic ebook sales had a decent growth rate. Could look a bit more decent next year, since I'm assuming international can't fall easily now that it's off a lower base.


VET:
EBITDA Margin: 28.0% -> 37.5% (90% gross margin, with revenue growth, and flat expenses).

Solid looking business. Though that would be the seasonally high HY.