Didn't have time to read the report thoroughly today...

Didn't have time to read the report thoroughly today unfortunately - but the headlines looked fine to me.

I assumed the 50% profit downgrade was to statutory profit? Surely this has been factored into the SP drop from $5+ to where it is now, given it resulted from the one-offs??

Perhaps it is just that a lot of people had bought in at the high $3s and low $4s and were just looking to turn a quick profit with the release of the results.