Thanks travelightor, I miss-interpreted this because the results...

Thanks travelightor, I miss-interpreted this because the results (and overall trend) using both "methods" are similar so no red flags were thrown up. When accounting language changes its as hard to get your head around as a windows update. Numerous statements have been made regarding increased operational costs following the moves to new premises so they will have to increase sales and/or margins. This said, I like businesses which remain profitable when pushing into a breeze. They are always well positioned when the winds change.