Yes, management have a few more questions to answer. However, unless investors know more than what is posted, the current -14% drop is a shocker.
- sales increased by 28% in local currencies
- global freight activities costs, the additional impost has impacted gross product margins by 7%
- strong sales in Australian direct exports, up 65%, and Brazil, up 66%, the overall gross margin was impacted by a further 5% due to these being lower margin regions
- total gross product margins for first half of FY22 in Australian Dollars fell by 12% to 53% compared to 65% for the corresponding period last year.
- net profit after tax for the six months ending 31 December 2021 will be in the range of $2.5 million to $3.0 million compared to $4.6 million for the corresponding period last year.
Ann: Trading Update, page-3
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