Having another read - I’m curious where annual savings of $25M are coming from, as part of the restructure.
Sure, Defence Systems isn’t sinking money into spacelink, but they aren’t brining in any revenue either.
So the “savings” will go towards paying off the debt in the first instance. This means several years before actually realising any profit - on the basis they can deliver anything to Defence or overseas (middle east) during that time.
Ann: Business Activity Statement & Appendix 4C - Sep-22 Qtr, page-16
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