Effectively, the key message from today's result is:
"Industry conditions are as tough as we have ever seen them, but - you know what? - we are upgrading our profits forecast for the year to at least $165m (was $155m)."
That's quite a reflection of the quality of nib's business model, and the prudent and savvy manner in which the company is managed, I believe.
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Effectively, the key message from today's result is: "Industry...
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