Originally Posted by
LaserEyeKiwi
excellent result for WHS, good for them and there shareholders.
Warehouse of course coming off an abysmal comparable period last year, inflating the year on year growth comparison.
Interesting to look at 5 year net profit tracks (and sales) for both companies 6 monthly reports: One company is earning less profits than it did in 2016, while the other has grown profits 200% (and be sure to look at revenue comparison as well.)
(Also, HLG received no NZ wage subsidies in its latest 6 month period.)
WHS:
2021: $55m ($1.8B sales revenue)
2020: $28.8m
2019: $35.8m
2018: $35.3m
2017: $41.6m
2016: $57.2m ($1.57B sales revenue)
HLG:
2021: ~$20m ($182m sales)
2020: $15.4m
2019: $16m
2018: $15.1m
2017: $9.2m
2016: $6.8m ($112m sales)