Ann: Appendix 4E - Preliminary Final Report, page-3

What did you expect? They've been saying for 18 months or longer that to be profitable, they'd need revenues of $30m.

I had expected them to make a loss this year, although i didn't think it would be that large. Shame about YHD. Anyway FY16 will be much better. If they can acquire like business that is easy to integrate, it could take them close to break even.

TBH, this is a pretty good result. It's quite transparent in terms of what went good and not so good. I feel like we have a clear view of the challenges, risks and the upside potential in this business.