Comment / Toll Group – just another disaster unveiled

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There’s a great deal of discomfort in our circles every time Toll Group’s performance deserves a word.

And following this week’s coverage – in which it became clear that without constant parental support the firm is not viable as a going concern – yesterday’s sketchy disclosure of fiscal Q1 24 numbers by its owner, Japan Post (JP), was hideous.

Revenues in the three months to the end of 30 June, fell -29% to just over AU$1.1bn.

Ok, that’s “fine”.

It had to be expected.

Its ...