Operating profit was down 27%, but revenue was up - they made the decision to sacrifice margins for market share which is a strategic move that may pay off in future.
Also worth noting $37 million loss applies to Ireland. If you ignore Ireland I would estimate the overall operating profit only down around 17%. That's obviously not a great result but if you want to get a snapshot of Australian retailing worth looking at some competitors (e.g. JBH) which aren't doing too badly at all.
Operating profit was down 27%, but revenue was up - they made...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add HVN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.48 |
Change
0.020(0.45%) |
Mkt cap ! $5.582B | |||
| Open | High | Low | Value | Volume |
| $4.46 | $4.48 | $4.42 | $7.993M | 1.791M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1635 | $4.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.48 | 83215 | 7 |
View Market Depth
| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| HVN (ASX) Chart |