The numbers reveal strong revenue growth, strong cash flow and a hefty decline in debt.
But it's what's going on behind the numbers that really impresses me - their investment in future growth. They've successfully launched sales overseas. They continue to invest in well-directed R&D. They've bedded down the move of their entire operations to a better location. All done in an efficient, disciplined manner. No fanfare - just quietly getting on with the job.
If that's not great management, I don't know what is. Well done to management and staff.
The turnaround of this company continues unabated and it seems to me they're building very strong foundations for the future.
SRH Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held