The result is a bit disappointing. Salaries have increased with no corresponding lift in revenue. There was also no substantive comment about the outlook for the second half. While this might make sense to management considering what happened with guidance last year, it doesn't send a great message to the market.
The good news is that GLH's balance sheet now looks extremely strong, they're done with SA Health legal battle and can focus on winning new business. I'm holding for now, but need to see some improvement in revenues and profitability in the second half.
Anyone else have thoughts?
Ann: Dividend/Distribution - GLH, page-3
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