VEI 0.00% $1.07 vision eye institute limited

Ann: Half Year Financial Report and Full Year Gui, page-12

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    re: Ann: Half Year Financial Report and Full ... For the record, in 2008 VGH made $37.2m EBITDA on $110m in revenues. This indicates that approximately $10m in EBITDA has been lost in additional Doctor Remuneration, given revenues are largely comparable. Further, there has been nil growth since 2007, or over the last five years.

    $10m EBITDA reduction represents a loss of around +$60m in shareholder wealth.
 
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