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Ann: Preliminary Final Report, page-8

  1. 522 Posts.
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    Thanks for the input LiH.

    1) There's no doubt revenue has taken a hit, it's more apparent when you break down the results in half year batches. This FY will take another hit to the top line, but the company will easily survive this downturn and be ready when the numbers start ticking up again. There's no point trying to value the company on year to year results, I'm more interested to know where the company will be in 5-10 years time.

    2) There was some gain via Jobkeeper, but that added revenue goes straight into staff expenses (ie. the cost of keeping staff on the payroll). None of it would've filtered through to company profit. Jobkeeper has been extended, and if it weren't, then the company would be quick smart about culling staff.

    Hopefully it remains cheap


 
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