News: FRI Finbar Group FY Sales A$ 296 Million, page-9

My learned friend, thank you for that.

On the subject of revenue- revenue increases when projects are completed and then tapers off somewhat- you can see that in their graphs. Correct me if I am wrong, but I do not think that there are more projects to complete this FY. There seems to be only $60m of completed project stock left to sell apart from pre-selling of underconstruction/planned projects.

So, I would think that revenue for the remaining three quarters of 2022FY may not be much? So, they would be more likely than not to report declining profits going forward- until new projects complete in subsequent years.

They compared admin like costs to their asset values- but a more relevant comparison would have to be against revenue or such- and given that these are somewhat fixed- it becomes another tail wind to annual profit.

In the long run they appear to have great liquidity. A long term play.

IMHO DYOR