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Ann: H1FY24 Investor Presentation, page-29

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    There’s a page in the presentation addressing overheads and they say $20.5M is attributable to PCSIL.

    I took the actual revenue and gross profit figures and backed-out the figures provided for these measures at PCSIL to get a look at the underlying biz.

    Yes, it has deteriorated a lot since pre-covid. That’s because they got so distracted trying to integrate the acquisitions, rather than focus on what actually made money. That’s part of the appeal here - if they can regain focus on the core biz AND the float earns a reasonable return then you’re looking at a strong cash generator.
 
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