Ann: FY18 Full Year Results Investor Presentation, page-4

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    "AMC profit up by 24% and SP down by 3.64%. Any thoughts?"

    @JSharma,

    You may have figured it out by now, but that 24% figure you quoted refers to the increase Statutory Profit.

    The Stat. Profit for FY2017 included a $104m restructuring provision, so if you strip that out, the increase in Underlying Profit was just 3% (and flat, in fact, on a constant currency basis).

    And when you consider that growth in Underlying Profit in the first-half was 7% (4% in constant currency terms), then it is evident that the second half-result was very weak (down 3% ... and down 7% on a constant currency basis).
 
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