Ann: Preliminary Final Report, page-10

Hi Littlecorn
I am not sure what your problem is with Odouard. The company is investing heavily in R&D and promotion of the new products overseas. This takes salaries and costs. Managing to still be profitable is quite an achievement. If you add the R&D costs to the profit, you get a 7.6% return on turnover and 7% return on the market cap of the company. Not very companies offer such a growth prospect on the ASX with such a large underlying profitability.