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Simplicity in the black after two years
Wednesday 8th of August 2018
It reported a deficit of $380,000 in the year ended March 31, compared to a deficit of $147,000 a year earlier.
Fee income of $997,000, from $138,000 the year before, was outpaced by operating costs more than doubling to $1.3 million.
That left it propped up by $900,000 of interest-free loans from Stubbs. He said it had at one point been paying out $50,000 a month in operating cos...
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