This is a good result considering the trading environment in the 6 month reporting period.
The middle east and in particular the USA market is the really good news. Most of the immature floor loses were coming from the USA about 50%.
Even in the 2 months since the reporting period they are now cash neutral in the USA. They have reaffirmed profit forecasts for the FY, I think they will beat those forecasts.
The SP retreat has been a good op to pick up more at reasonable value.
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