America's growth 35-40% - quite the turn around. The only thing stemming the revenue fall was Asia propping up negative growth in America's... Amazing to think America's has gone from negative growth to 35-40% in a 12mnth period.
Being at the upper end of guidance post revision in May speaks volumes of the momentum right now. Cannot understate this.
Operating expenses down 18-19%.
$31.9M in the bank, they could easily afford to return to a large total dividend (4-6c). Will be interesting what they announce with the FY results, they will have another couple of months to gauge whether this momentum continues... I think the platform has been laid for a return of the dividend, cannot see a compelling reason not to given cash backing is 18c per share.
Ann: FY2024 Trading Update & CEO Transition, page-3
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