Ann: Preliminary Final Report, page-7

careful of comparing half year to full year - a lot of what you're saying is timing. it's not that only 300k is made in second half - it's a lot of the costs across the year hit the accounts in second half, almost akin to a contract liability. think of it as the first half overstated rather than second half is soft.

Best to compare year on year. I'd take better margins over more revenue any day of the week. business should be selective and not just jump at any contracts if they are going to risk a loss on them.

EPS is sold. Operating profit has improved. I read it as a good FY pending the final audited version.