HRO 0.00% 6.8¢ hiro brands limited

Operating costs will be down due to spas being closed and...

  1. 186 Posts.
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    Operating costs will be down due to spas being closed and products not being sold but still counts as stock in storage. Rental and other ongoing costs will still be an expense, don’t know what arrangement they have with landlord regarding this. Could be at half rental or a 6 month rent free or full rental. Pre COVID minus micro19 was at -$2m per quarter, I’m hoping to know with the changes above that we are burning less,
    could be burning more we will find out soon. That’s one part of the business in wnb. The other is $1.7m into Asia and $400k in CWH. That’s $2.2m in receipts not including operating costs. If we were getting $3m per quarter and have already got $2.2m. That’s pretty damn good if you look at it from a plan B perspective.
 
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