So revenue is actually down from previous year but profits are up %1090 which have come from cost cuts such as employees but biggest cost cut has come from Materials, packaging and consumables used which amount to 4mil in cost cuts. Net tangible assets previous year where 21.1c per share while now they are 8c per share.
The biggest question mark is can they keep up the cost cuts which is why they have postponed a dividend decision to after second half to see if cost cuts can continue.
I have a feeling its going to be a red day today based on this uncertainty.
CLT Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
