Reread post 7054 and you'll recognise your mistake :)
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Only a few more minutes till we see how bad the losses from the market will be…. i predict bad.
Sales are up - thats nice......:scared:
https://www.nzx.com/announcements/408784
• Sales growth to $1.8bn – up 4.8% on prior period1
• Gross profit $592.4m – a decrease of 1.2% from $599.6m in prior period
• Gross profit margin 32.7% - down from 34.7% in FY22 H1 due to category mix andincreased promotional spend including MarketClub
• Cost of doing business increased 3.5%, but reduced as a percentage of sales comparedto FY22 H1 from 31.4% to 31.0%
• Unusual expenses of $6.3m in relation to restructuring
• Reported Net Profit After Tax (NPAT) $17.4m - down 60.9% against Reported NPAT of$44.4m in FY22 H1
• No interim dividend declared. Dividend decision reserved to year end
$16m half year loss for market & $6.5m for torpedo7. Thats a half year loss
Real disaster eh Bob
Even back to ‘normalising’ result doesn’t help
AND NO DIVIDEND …….that’ll piss many off
heading back under 2 ?
Can someone please explain to me how you can have $14m of unallocated loss across the business units? how can anyone actually say what units are profitable and unprofitable?
Very scary read if you look at it from an economic point of view.
The average kiwi has started to pull back on spending. And the Warehouse Group managed sound very concerned where it is all heading.
this headline today sums it up
Rising living costs set to 'significantly dent household budgets', economist says
https://www.rnz.co.nz/news/business/...economist-says
February sees record high for rent prices across Aotearoa - Trade Me
https://www.newshub.co.nz/home/money...-trade-me.html