So you guys are saying its as simple as workout two rates - cost per hour; then sell per hour. You are right, so how difficult is it? When acquired, the antecedent businesses were producing ebitda's of 18-30+% - average over 22%. Their charge out rates were strong, obviously, to produce those types of earnings. Once owned by Veris, the collective result never achieved anything like this. Veris' governance and senior management blew it up. Now the same people, with one exception, believe they can fix it. Tell them there're dreaming.
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- Ann: Veris 1H FY20 Results Presentation
Ann: Veris 1H FY20 Results Presentation, page-54
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