the two most important figures in the financial statement are the receipt from customers and payment to suppliers and employees(ie. cashflow statement). as we know the revenue has increased but the cost has gone up. ceo highlight actions have been taken to reduce cost across inventory, overheads and rostering. the rental is concerning but it is part of doing business. it is gloom but not as doom as it may seemed. can they maintain at least 60% gross margin? patience and pocket some dividend?
News: MHJ Michael Hill International Says For First 45-Weeks Sales Were Up 4.7%, page-37
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