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54.5¢ slater & gordon limited

Hence why they can afford to conduct opex restructuring....

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Nikec

2,468 Posts.

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27/03/16

11:57

Post #: 17366045
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Originally posted by anythingwithawire ↑

From the Feb ABC article
Receipts from customers in the first half were just shy of $533 million. Payments to staff and suppliers were more than $594 million.

And from the SGH website they say they have 1200 employees.

This makes 830k per employee on average for wages and overheads - I don't know any services company that could be profitable at this level.

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Hence why they can afford to conduct opex restructuring.

Remember that the aussie division is fine, its just the UK division.

SGH Price at posting: 25.0¢ Sentiment: Hold Disclosure: Held
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