"its a loss for 2nd half, retailers make most of their money in the 1st half"
Agree. Though it will be the first time since listing that they haven't shown a profit in the 2nd half. We now seem to be heading for NPAT for the year of about $11.5M, which values the stock at a P/E of just below 7 on Friday's closing SP of 1.23.
Profits have fallen much more than revenues with EBIT falling by about $10M while sales are down perhaps $2.5M. A similar thing occurred last year, but not nearly as bad. Costs have clearly been increasing. It seems we will have to wait for the annual report for more clarity on this. Hopefully the reasons are purely related to post COVID trading conditions and will resolve going forward.
