kats,
I worked out just over $316,000 per quarter saving on each of the 60 employees re-trenched. All in all, PB claims that he has reduced expenses each quarter by 50%!
$19m saving per quarter from retrenchment of 60 employees?
To me this is just a crap, misleading announcement - I don't believe it until I see it.
I think it's actually impossible.