I agree - I thought it was actually a good announcement. Does...

I agree - I thought it was actually a good announcement. Does the 30% increase include the $4m loss by Le Cornu? I'm not an accountant so I don't know, but I wouldn't have thought a trading loss would be included in the one-off charge. If that is the case, then the 30% underlying increase, inclusive of the $4m loss, is a fantastic result. Le Cornu is a very small part of the business (by store numbers) so going forward this shouldn't have any real impact. In fact, it should only contribute to improvement given the significant loss.

I was expecting something like this. It is typical for new CEOs to bring out skeletons and blame it on the previous CEO. If this is the worst that comes out then there's really not too much to worry about. That being said, given that the group CEO was previously in charge of FF, I wouldn't expect anything bad to come out about that division!

I'm very keen to read the FY report