Like I said, there were some uncharacteristic sloppy elements to this result.
But, as I've found many times over a long period of time, the sorts of managers such as the ones that run EMB, tend to make strategic decisions that have five- and ten-year time frames.
My experience is that they don't give too many hoots about managing for the maximisiation of near-term profits merely in order to placate capital markets.
Why this is a publicly-listed company today totally escapes me.
Ann: Preliminary Final Report, page-6
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