Much of Terry's broadcast was what we have seen before. However...

Much of Terry's broadcast was what we have seen before. However he did say they were expecting a profit in 'physical' year 2014. I have not heard the term physical year before but logically it would have to mean calendar year rather than financial year (I think).

It probably means we are not expecting a profit in the year to 30 June but should expect a return to profit by the end of the calendar year 2014. All in all things could be much worse.

I still have hopes for Orbital turning a consistent profit within a short few years, but not enough to but any more for the time being!!