Their contract logistics which is made as a majority by their warehousing operations had a reduction in underlying EBIT margin fron 10.2% to 8.9%.
yes they have insignificant gearing such is their asset light model of having operating assets off balance on op leases. Post the WA port business purchase they also have significantly reduced cash holding having paid the majority of that purchase price as upfront cash.
SLH Price at posting:
$2.25 Sentiment: Hold Disclosure: Not Held
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