Looking further into the quarterly I note staff costs are up 50% pcp & admin costs up 41% pcp. Is anyone aware of why the huge increase in costs?
Presumably not all 500 employees received a pay rise in July FY22 to impact costs this much. My hunch is their has been a number of new security staff enrolled into the business & expansion into another state possibly east coast which may explain admin cost increase. Possibly a few contracts in the pipeline which may be released in this coming quarter. I also note the 123% increase in inventory from FY20 to FY21.
Anyone have any thoughts?
Looking further into the quarterly I note staff costs are up 50%...
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