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#FY23 Results Presentation
stale
Our cash balance increased to $65.4 million. In the prior period we had a net balance (after loans & borrowings) of $31.2 million.
● We corrected our inventory down to $68.2 million as at 30 June 2023, a reduction of over 57%. We now enter FY24 with inventory levels aligned to the current levels of demand.
No Dividend yet. Last Divi paid June 2021.
The CEO is Taming the Inventory problem.
Debt vs Equity needs to be contained.
Return (inc div) 1yr: 41.88% 3yr: -36.77% pa 5yr: -1.94% pa
