Ann: Results Announcement Half Year, page-19

Yes but SHV is a price taker.

So the price of its commodity has the biggest effect on its revenue. So an increase in revenue of 65% doesn't necessarily have anything to do with good stewardship of the company (note: I'm not saying management isn't doing a good job, just saying that even bad managers will make money when commodity prices boom).

Costs on the other hand do reflect on management.

So my concern when I saw the numbers was that a 24% increase costs YoY for essentially running the same farm is quite large...

Don't get me wrong - the result is good - but the number was a little concerning. Would like an explanation.