ISF isoft group limited

On Feb 26 ISF released one of those paid for advertorial mock...

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    On Feb 26 ISF released one of those paid for advertorial mock interviews things they often do when there is a foul stench in the air. When questioned on the issue of travel expenses Mr. Cohen said "for a company with 4500 people doing business in 40 countries around the world, we don't believe our travel bill of around 9 million in the half is out of control". It was actually 9.945 million so closer to ten than nine, but we won't argue about the odd million.

    Okay, take your 9.945 mill and divide it by 4500 people and you have a cost of $2210 per person. That doesn't sound too bad but wait,there's more. Using Mr.Cohen's logic we should apply this rationale to the profit. $4.822 million divided by those same 4500 people gives us a less thah impressive profit per person of $1071.00 or $41.19 each week for the 26 weeks of the half.

    Geez, I'm glad I'm not a plumber running a team of tradesmen who bring me in 40 bucks each a week.
 
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