IMC 4.76% 8.0¢ immuron limited

An extra $1.1mill spent on R & D (had to be done) and an extra...

  1. ich
    664 Posts.
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    An extra $1.1mill spent on R & D (had to be done) and an extra $300K spent on marketing (much needed). That accounts for approx $1.4mill out of the increased GP. I agree that its taken ages to get anywhere (esp.with Covid losing us 2 years or more) but at least sales are well up (helping to fund these extra expenses) meaning the cash we have in the bank is not required (or not as much). That's why I said it was a good result. Imagine if sales and GP was not up so much, and we needed to draw down on funds. That would have been a bad result!
 
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