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Old 25th Oct 2004, 03:57
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mr hanky
 
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QF made an EBIT profit of $900 million last financial year.How much profit is enough??
Interesting to have a close look at the details of that one. Revenue was actually down slightly from the previous year - the record profit was thus entirely due to cost cutting. Which is all very well, but hardly sustainable in the long term.

Most of us are only too happy to be efficient, but the constant pennypinching and 'times are tough' mantra don't sit all that well when the directors are claiming they need another 66% in the pot.
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