There is $1.5m to $2m of amortised development costs to be expensed included in the FY15 NPAT number, as they accelerate the amortisation of GO capitalised costs (50% amortisation rate).
If you look at EBITDA, they did $1.8m in FY14, and for first half of FY15 have done $1.3m
WRR Price at posting:
45.0¢ Sentiment: Hold Disclosure: Held
