Ann: First Quarter Results Announcement , page-2

Can't fathem this market...

BKL announced a 10% increase in sales Q1 2010/11 against Q1 2009/10 and a 13% increase in Profit after tax, yet the share price falls 1.8% since then.

I thought I would look behind the figures. given the difficulty of calaculating the Q4 2009/10 figures*, I compared the current Quarter just ended with the 2009/10 year divided by 4 - ie, average 2009/10 quarter. Results:

Sales up 11.6%
EBIT up 29%
Profit before tax up 30%
Profit after tax up 27%

Where is the negative here? What am I missing?

* it can be done, but who has the time?

I'd buy more, but fully invested.