Why wouldn't you capitalise software development for your biggest asset?!
PEH made 16mil ebita . NPAT of 1.7m isn't really saying anything for a growth company of 50% pa. Most growth companies lose money every year!
Mentioned in the annual report that corporate structure for growth had been but in place and most revenue will now go to the bottom line.
So if ebita is incresed 50% again...i'll let you work out the rest
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