A terrible 1st Half
Revenue in only 1.6 times employee expenses. They appear to have a lot of unproductive staff who aren't generating any fees. Probably need to cut staff numbers if they arent productive
One of the reason I brought shares in AFL was I understood clients paid a retainer upfront so we wouldnt have bad debts. How did we end up with debtor adjustments of 750k?
There appears to have been a lot of mismanagement of the takeover integration after the recent acquisitions.
Ann: FY23 Half Year Results Presentation, page-5
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