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I'm only going by what was stated in the release

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ah00224

218 Posts.

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23/07/24

22:47

Post #: 74882715
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Originally posted by 82Punter: ↑

Gross profit means revenue less cost of goods sold.
You then need to deduct any operating expenses that are not included in COGS, such as staff, rent, consultants (legal/corporate) etc etc.
Don't assume that Limepay is profitable. I do not think they are, otherwise they'd not likely have been 'for sale'.
IMO, Spenda thinks that collectively the combined entity will be profitable (not in September 1/4 though), otherwise they wouldn't have made the acquisition.

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I'm only going by what was stated in the release

SPX Price at posting: 0.9¢ Sentiment: Hold Disclosure: Held
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