Looking at core costs (staff, rent and office /admin), the H18 result of $83.7M compares to the H17 result of $94.2M. However once compared to revenue, the result shows a still continuing top heavy result:
* Revenue
H18 = $96.3M [core costs ratio (CCR) = 87%; +7%)
H17 = $117.8M [CCR = 80%]
* Core Revenue (no WIP movement, no other income, etc - just Fee Revenue)
H18 = $99.7M [CCR = 84%; + 1.5%]
H17 = $114.2M [CCR = 82.5%]
Taking GL out of the equation will therefore further reduce the revenue profile by $13M (@H18) meaning that the "continuing operations" outlook (going through 2018) will be down closer to /below $83M (circa, $166M H18 ex-GL annualised). If so, then this will likely make the AU operations smaller than M&B (>$220M), and SHJ (~$177M, H18 annualised).
Still a lot more in transformational adjustment is required here. Hence the GL movement amongst others (including staff and rent).
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Last
$51.61 |
Change
1.520(3.03%) |
Mkt cap ! $21.00B | |||
| Open | High | Low | Value | Volume |
| $50.59 | $52.05 | $50.35 | $23.49M | 454.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3110 | $51.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $51.92 | 294 | 1 |
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| Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
| SGH (ASX) Chart |