News: MOZ Mosaic Brands Ltd Provides Market Update, page-37

why? sales are simply NOT profitable! FY21 barely broke even with $94m of job keeper!!!

FY21 less job keeper (JK) - sales net (676-94) $582m-COGS-Expenses = LOSS $75M
FY22 Revenue $571m less COGS less Exp = LOSS $46m!!

thats before finance costs which will make this even worse by 10m (and growing with rate rises!).

Cashflow is being manipulated by non payment of suppliers and capitalising interest....how to PLUG a ~$60m deficit EVERY YEAR??? thats a lot of staff to sack!!!


This reads nothing but staff & marketing cuts-only levers they can pull really!

imagine you dont get the bumper sales???? hmmmm