So Revenue and Margins looking good but all a bit overshadowed by the fat lump of borrowings just landed on the Balance Sheet.
Consolidating their manufacturing and logistics footprint is probably a good thing but there's a few more moving parts than in earlier years.
I note the movement in their Sales and Administration costs (slide 9). From $14,692 in H1 2021 to $18,899 in H1 2022 to $23,388 in H1 2023. I'll have a look at the interim report later tonight to see if it sheds any light.
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| SDI (ASX) Chart |