Ann: Preliminary Final Report, page-2

Boy, this result is a lot stronger than it first appears:

For starters, FH2017 full-year result had $2.1m profit from the Manuka beekeeping assets sale, so really, FY2018 vs FY2017 Pre-Tax Profit was really up 20% compared to FY2017 when you normalise for this.

And then, when you look at the past 4 half-years, excluding the asset sale profit, while DH2017 Pre-Tax Profit was up 11% on DH2016, for the second half (i.e., JH2018 vs JH2017), Pre-Tax Profit rose by a whopping 28%.

Although this is all a bit academic, it seems, because some it looks like some third else seeks to participate in the momentum of the business all by itself.