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On p54 of the FY21 annual report:"During the Reporting Period...

  1. DeepValue7
    7 Posts.
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    02/12/21
    01:46
    Post #: 58009378
    On p54 of the FY21 annual report:
    "During the Reporting Period $13.8m or 36% (2020:$3.3m or 13%) of the Group's total revenues depended on a single customer (across a number of contracts / locations) in the Security segment."
    MCS didn't announce any significant contract wins explaining the revenue increase of $10.5m for this customer.
    In fact for FY21 overall, looking through the announcements I couldn't attribute anything greater than $0.5m to new contracts.
    Does that mean the revenue increase is mainly due to more ad-hoc work? If so, the higher revenues seen in FY21 could be temporary.
    Can anyone please explain?
    MSG Price at posting: 6.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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