Ann: Preliminary Final Report, page-9

A stella result.

Great balance sheet.

Good to see:
* Contributions from Customers which aren't associated with sales rising sharply from $1.5m to $5.6m.
* Recurring revenue from rent doubling from $500k to $1m
* Losses from Equity accounted JV's falling from $1.3m to $500k .If thats the manufacturing JVs losses falling at the same time as sales fell we could be in for a bonanza when sales rise and we own 100% of manufacturing.
and
* GP margins increasing from 27% to 29.4%

Great management effort. Great to be in good hands.

Lucky the Chinese Malaysian and Italian blokes who manage the company have big equity interests which is what they are striving to grow rich from while taking us on the ride with them.

The world will get back to normal or will learn to live with the new order soon enough and we will see growth in sales and profits and a return to high PE ratios.

Gee if we were still trading on a PER of 65 which we saw when the market was booming before all the nonsense started we would have a market Cap of $471m and a share price of $1.25 even with the company owned by a bunch of Chinese.