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

I got out on the recent rise. This company has been talking up the business for many years but always disappoints. A close look at the appendix 4E (preliminary annual report) shows (I have summarised the expenses)

"Income Statement For the year ended 30 June 2009 Consolidated

Revenue from continuing ordinary activities 11,099,423

Direct cost of revenue 15,161,390

(Loss attributable to members of Webfirm Group Limited (4,150,364)

The above consolidated income statement should be read in conjunction with the accompanying notes"

OK. This is a worry when expenses exceed income by 136%

This is my opinion only - Do your own research.