Honestly, numbers looked better than expected. HP sales here, not sure on the number of units shipped or margins.
However, I'm very curious about the total GP margin. Suddenly it's 62%. Some of these numbers don't make any sense. How is it that they have gone from no margin on MAX, to 61% margin with an assumed 30% margin on HP products? Maybe somebody else can point out what I'm missing.
If the numbers are indeed representative of the truth and not accounting tricks I am genuinely positively surprised by these financials.
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- Ann: Appendix 4E & Annual Report for the Year Ended 30 June 2021
Honestly, numbers looked better than expected. HP sales here,...
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