Ann: Interim report for the half-year ended 31 De, page-6

re: Ann: Interim report for the half-year end... Tshirt,
The company made Net After tax profits of $2.2M 2010/11, $6.6M 2011/12 and $3.8M 2012/13.
They have had time now to start increasing profits.

I don't think the being a new company is an excuse for this loss.

This was a bad result whichever way you look at it.