Luckily the cost reduction and transformation program delivered...

Luckily the cost reduction and transformation program delivered savings, would this continue to offset the bulk of revenue declines? No mention of continuous cost cutting measures, which is somewhat concerning.

Good to see debt paid down by another $3.xm, revenue decline appear to be slowing, with one off impact from exit of NA. Good to see they are also gaining new customers in the ANZ and customers returning, though decline is still evident.

I don't think it is good or bad, as the SP is already near all time lows, now see what the market thinks of the result.