Add to UTILISATION the lack of Margin. They are pricing work at ridiculously low levels in Qld in a very buoyant market.
Unfortunately the evil side of Job Keeper at work, keeping people employed in businesses that should not be trading. This is state aid in this instance.
VRS was weak before the bush fires, floods and pandemic. Now tax payer dollars are propping it up rather than rewarding disciplined and properly run competitors who are paying tax to subsidise their business rivals!
Ann: Investor Presentation, page-8
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