Yes agree, much better than I hoped for; EBIT loss of $40 mill...

Yes agree, much better than I hoped for;

EBIT loss of $40 mill includes $50 impairment (non ?cash) plus a provision of $10 mill for Qld floods ? which should be recovered over time.

That means normal trading result is around $20 mill, I believe, plus a tax gain of about $5 mill which is stronger than the previous half year (2010)

I?m not sure though if the loss in wholesaling (Pfizer) has had a full effect yet and there may still be some bite there.

But overall, not bad!