News: RLG Roolife Group Says Chief Financial Officer Jacqueline Gray Has Resigned From Co, page-3

  1. 1,944 Posts.
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    I think this is part of the further cost reductions alluded to in the quarterly report:

    "RLG continues to drive sales efficiency through not only revenue growth but also cost reduction which is
    expected to deliver positive net cash flow for the Company in 4Q FY2021. Payments for staff costs in the
    quarter totalled $807k down 20% from the prior quarter. Admin and corporate costs were $230k in the
    March quarter down 9% from the prior quarter. Advertising and marketing expenditure was $358k for the
    Quarter, down 18% from the prior quarter, with Company reaping the benefits of investment in sales and
    marketing initiated in the December Quarter. Further reductions in administrative, corporate and staff
    costs and advertising and marketing expenditure are anticipated in the following quarters as RLG
    continues to increase its sales and financial efficiency leveraging its growing expertise and technology.

    RLG anticipates that this will continue to contribute to revenue and margin growth in subsequent quarters."

    (Emphasis added)

    All IMO and GLTAH.
 
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