Covid lockdowns cost the company $2-3m in earnings. The market was well aware of it after their downgrade in May, and was mentioned again today in the commentary. March and April was a real struggle with WA moving from a covid zero approach, and especially with labour shortages, assembling full drill crews was tough. Hopefully that is the end of that now though and the company is actively diversifying the business as per today's commentary.
Edshann, I think you have overstated revenue for H2. And while cash dropped, they paid off a significant chunk of debt.
Ann: FY22 Results Commentary, page-8
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