half year, page-3

Well that was worse than I expected.

Interesting to see they believe revenue is not a factor of cost and claim credit for cost reduction. Rev is down 35% and costs are down 16% (excluded the restructuring cost for their benefit) ... go figure.

Love the comment the company believes it will repay its debt as it falls due from operating cash flows.

This co still has a long way to go and I would be concerned about the capability of the people of the ground.