Ann: Preliminary Final Report-AJX.AX, page-87

Thats a really good question! Some analysis to figure out what the proprtions of trial/commercial sales were included in the mid year compared to full year would be able to roughly indicate what the margin on the commercial and trial sales are respectively. Would take a bit of work to glean the necessary information from their announcements though.

From memory, Mid year did show that COGS was higher than Sales, right?? So if only a small proportion of the full year Sales were actually commercial then the fact that we've gone from negative to positive margins in the last six months is ... well, a positive. This would indicate good long term margins.

If a relatively larger proportion of Sales were commercial, this would indicate that the long term margin isn't going to be as favourable. I think the former case seems more likely though.