One major issue is margins. $1.75 / 41.8 is about 4% now, and $ 1 / 13.6 was more than 7% a year ago.
So yes profit has increased, but on much higher revenue. As they enter new markets, like ebay, I am sure they need to discount quite hard, but this is worth keeping an eye on.
Ann: FY21 Investor presentation, page-6
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