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Billy Ferreira (left) and Darren Cooper say funds from the IPO will be used to grow the business and retire some debt to the ATO. Photo: Attila Csaszar

Labour hire firm to build on $12m IPO

Labour hire company The Go2 People is hoping its geographic diversification, along with two acquisitions by its fledgling building division, will attract investor support for its $12 million initial public offering.

Based in Belmont and established in 2011 as Go2 Recruitment, The Go2 People lifted its turnover to $38.3 million in the year to June 2016, when it posted a $1.2 million net profit.

Its latest accounts for the 10 months to April 2017 show a softening in revenue to $27.8 million and a net loss of $422,000.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
thThe Go2 People0%0%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

th-The Go2 People$0
233 listed industrial companies ranked by revenue.
Source: Morningstar

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