$Thryv Holdings (THRY.US)$Revenue continued to decline after...
$Thryv Holdings (THRY.US)$Revenue continued to decline after reaching a high in 2018, while operating profit did not change much after the turnround in 2018, fluctuating around 180 million. Net profit is very different from the operating profit curve due to high interest expenses and a large proportion of other expenses.
Interest expenses account for 34% of operating profit in 2021, which is very stressful. In the first two quarters of 2022, revenue rose 12.4 per cent, operating profit rose 10.3 per cent, and net profit rose sharply by 50 per cent due to halving other expenses.
But the recovery rate of revenue is obviously not fast enough to change the downward trend over the past five years, and we will make a judgment until the annual report comes out.
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