It's possible Geoff is doing his unaudited profit figures solely based on sales revenue, excluding other revenue which affects the P&L in the audited financials.
This just means we will see further profit increases with the audited financials, due to revenue from other sources (license income, forex gains etc) - this was over $500k last half and also still didn't include any R&D.
Ann: Profit Update, page-20
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