Watch This Space, page-7822

And thats one way of interpreting what Ben said.
Or he could be saying splitit margins will improve if our expenses stay at $50million or increase.

Do you understand that this is just mathematically interpreting the CFOs statement into what needs to happen for his statement to be true. (Its not anyone here statements or beliefs its interpretation of the CFOs)

3 variables in the function of profitability.
MSV. Margin. Expenses.
1 variabld is given by CFO as $1.4billion MSV.

The other two things to make his statement true can vary.

There is no incorrectness here for a downer to comment on as you seem to think. Its simple maths breaking down a basic statement.

(Now is Ben correct or accurate with his forecast...thats a different argument and a totally separate variable...but no one is stating this...a smart downer would have attacked Bens claim....do better)