Wow KME's future prospect seems EVEN more exciting now. Business changes from Bricks and mortars to modern society lifestyle ( online business) sounds like Amazon? The surge in ipads and tablets over the years made usage of online tutoring more viable
In KME Annual Report
Initiatives & factors outlined by CEO
Major Initiatives include
Gold Partnership Franchisees - Providing back office supports for franchisees
Online Tutoring- Over the web, which accomodates the modern society lifestyle
License Sales- with only minimum cost from Co
National Marketing- To create more Awareness
Technology Development- Key to adapting to the current technology trends of people
We expect revenue will continue to grow due to:
An increase number of students through our national advertising campaigns
An increase in the number of Gold Partners
An increase in online students; and
An increase in centre numbers.
We expect costs to decrease due to:
All legal cases have been settled - last year we incurred costs of $200,000
The major upgrades to our online software including scalability for the future is complete
The HTML 5 version of the tutoring software is now complete; and
Minimal expenditure required in establishing a licensing business.
From these factors, it dawned on me that the CEO is pointing out very precise initiatives and goals to achieve. I view this as very positive. From the past annual reports, past initiatives have been executed nicely & showing a consistent upward trend in Profits.
From the initiatives outlined, 2017 will be more exciting, as the revenue & profit growth. A fatter profit margin is highly expected.
Look forward to the exciting prospects of KME.
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- Ann: Appendix 4E and 30 June 2016 Annual Report-KME.AX
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