Cooperman
Roger Freestone
- Joined
- Jun 27, 2020
- Messages
- 5,306
- Reaction score
- 180
This deserves a thread of its own rather than being buried in with talk of investment and transfer fees.
The headline statements don’t make great reading, but are also not surprising.
- £13m pre tax loss
- Turnover down 30% and now at a shade less than £20m
- Salaries at 130% of revenue, £26m total
- Operating costs not reducing in line with the fall in revenues, this is a big worry.
All of the above includes the Flynn Downes money.
https://twitter.com/swansofficial/status/1651964497748275201?s=46&t=ORzTdp-XwRetLeBUxsYYRw
The headline statements don’t make great reading, but are also not surprising.
- £13m pre tax loss
- Turnover down 30% and now at a shade less than £20m
- Salaries at 130% of revenue, £26m total
- Operating costs not reducing in line with the fall in revenues, this is a big worry.
All of the above includes the Flynn Downes money.
https://twitter.com/swansofficial/status/1651964497748275201?s=46&t=ORzTdp-XwRetLeBUxsYYRw