Ann: FY17 Results Investor Presentation, page-18

"...but are we really debating/making a lot out of a ~1% change in margins?"

@CptAwesome ,

If you aren't debating it or making something out of it, then you really should be.

Because, given the Revenue line of some $140m, a 1% change in operating margin translates into $1.4m less EBITDA, EBIT and Pre-Tax Profit.

And in the case of Pre-Tax Profit of some $17m, $1.4m forgone equates to in excess of 8% of Pre-Tax Profits.

That's material, by any objective measure.