Good result and momentum continues towards better profitability....

Good result and momentum continues towards better profitability. Outlook promising, and hopefully not walked back like it was last year. Just goes to show how important Gemco is in overall performance, with Drivetrain and others mostly off from last year. Insurance and digital costs up, but overall margins looking better. BHP and RIO results don't seem overly promising for capex at a high level, but only so long they can delay necessary maintenance and repair etc, which seems to have normalised. Overall, green shoots of Chinese demand and recent Japanese investment in Pilbara might benefit. Nice dividend, and looking forward to rest of the year.