Ann: Media Release December 31 2018 Results, page-18

I omitted to mention that the details of the result today explain the somewhat extraordinary upgrade in the guidance for NPAT between $1.8m and$2.4m (provided on 18 Dec, 2018), to NPAT between $2.8m and $3.1m (31 January 2019)... it was basically all due to the $0.7m unrealised forex gain.

So, really, it was a nothing upgrade, which arose exclusively due to an accounting oddity rather than due to any operational outperformance.

Still, even without the assistance of that accounting oddity, it was an impressive result.

I’ll take that kind of result any time.

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