I would take that as revenue growth, or sales. The profit growth % should be even higher if revenue growth % continued at same pace because of the change in proportion to fixed costs of production.
Revenue growth is also harder to achieve imo. They have been able to achieve profit growth in the past on cost cutting. Can’t do that for revenue.
No need to ignore the tax write ons. The tax assets are not insignificant, they do have a true value compared to a company making similar profits paying tax. They only have value because we are actually a rare company that has significant losses who has been able to turn it around into significant profits.
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I would take that as revenue growth, or sales. The profit growth...
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