The board MUST instigate sweeping reforms.
Chief Financial Officer should be the first on the chopping block.
Revenue does however keep growing at a very commendable pace. So all may not be as negative as appears.
Time to focus on margin and the quality of the work being won and the tendering process.
No doubt management are at fault.
Buy in Gloom, sell in Boom.
A decent management team would have this place rocking within 18 months.
Bring out the broom.
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