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Revenue down 23%, expenses up 4% and a 20% increase in losses...

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    Revenue down 23%, expenses up 4% and a 20% increase in losses for the year.

    and this:

    https://hotcopper.com.au/data/attachments/6404/6404318-c11599cb51a2a3ab25119df395f17291.jpg


    Clearpay held for sale, the JV has some cash in it, so presumably NSX will be paid something for it and that will help keep the lights on a bit longer. The Clearpay JV made no revenue other than interest on cash, and its expenses were such that it appears to be mothballed.

    https://hotcopper.com.au/data/attachments/6404/6404348-9feae244b1a230b648643835f041b75d.jpg


    Is this business actually worth anything? I doubt it. It survives on the patronage of the controlling shareholder for reasons I dont understand. If the ends, the business will enter admin. At this stage though, the support is ongoing.
    Last edited by JoeGambler: 23/08/24
 
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