underlying profit of $1.37 million - full year

The full year actual profit was $364,000 but the following quote says more -
"On an operating basis, we made an underlying profit of $1,370,000. With the changes over the year, the business is now on a better base to achieve sustainable profits in the future."

The differences between actual and underlying profit were redundancy payments of $563,000 and the rest from changes relating to the sale of the Synaject proportion.

With our newly announced contract for UAS engines to the US and the possible success of our UAV development program that we got the $900 odd thousand grant for, things are looking very good in the immediate future!!