Fundamental Analysis, page-4

Operating Costs were reduced by ~68% from $6,092,133 in the previous quarter to $1,936,333 in the most recent quarter, while Receipts were only reduced by ~32% from $7,194,143 to $4,893,306 during the same period. These changes, more than those of any other types of cost or income, demonstrate the company's desire to minimise Net Costs relative to Net Income and significantly contributes towards an increase in Profitability from ~67% in the previous quarter to ~74% in the most recent quarter. Accounting for the seasonal downturn of the industry that coincides with the most recent quarter; the company has exceeded my expectations in achieving a Change in Profitability of ~7%, which is only slightly lower than the previous quarter's Moving Average Change in Profitability of ~8%. On a relative basis, this marginal difference is a drastic improvement from that of the same quarters of the previous financial year; when the third quarter's Change in Profitability was ~-4%, which was significantly lower than the second quarter's Moving Average Change in Profitability of ~7%.