My post was trying to articulate that.....it seems like they have fixed costs of around 24m per annum (although it is hard to see given what they put as cost of sales....that number seems to cover wages too).
if their fixed costs are 20-24m per annum & if their margins are 33%, then they are still losing money on 50m of revenues. ive only looked at their 1h22 results, so i might have to do a bit more work on fixed costs, but the point is that it does not seem insignificant
MCE Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held
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