So funny how you’re happy to research to win an insignificant...

So funny how you’re happy to research to win an insignificant point, then miss the forest through the tree’s haha. At least you’re constant.

Even if one-off write-downs occurred in FY23, the latest Q2 report shows a dramatically leaner cost structure under new management.

They’ve shut down loss-making dairy processing and refocused entirely on high-margin infant formula. Q2-to-Q2 comparisons reveal nearly halved operating costs. Non-recurring expenses, like increased depreciation from new machinery, are investments for long-term efficiency, not ongoing inefficiencies.

Focusing solely on past isolated events misses the real structural transformation underway...