profit - has been eaten by development costs of the ‘startup’...

profit - has been eaten by development costs of the ‘startup’ business within the established business.

The startup is now turning around (evidenced by continual revenue growth year on year) which should result in a previously profit making company from a couple of income streams returning to a profit making company from a couple streams plus retail innovation.

Gotta spend money to make money…..they’re almost done with the spend bit