Ann: Monthly Appendix 4C October 2021, page-80

At least positive news but realistically meaningless numbers unless overheads have been reduced. Nobody at BUD seems to understand the most simple of business equations. Gross margin less overheads equals profit and eventually positive cash flow. Increasing sales and hopefully margins is certainly good news. I just hope this metric is accompanied by lower overheads. Then shareholders might just see a re rate in the shareprice.