Well that was a wierd announcement. We all know that canberra has been flying the last 6 months. So melbourne and perth have been underperforming, and by the looks, the company may have been charging more for product and losing sales, which isnt a big deal, as long services are growing.
Company employees are up, but cirrus isnt hiring at the moment, so going forward revenue isnt going to be strong, but costs are going to be undercontrol.
Time to look at buying another business for growth. Cnw is generating good cash. Cashflow of 2.3m for the year is solid, i thought it would be around that mark anyways.
Looks like canberra is the growth engine of the company, with focus on govt contracts.
Not shooting the lights out, but not that bad, the half year result, will paint a better picture and show whats going on
Ann: Market Update - Record EBITDA and Operating Cash, page-17
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