FY results reflect challenging conditions, highlighted previously. Revenues fell to $152.5m ($154.6m), adj. operating profit fell by 58% to $7.2m ($17.0m). Adj. PBT fell 72% to $3.9m ($13.9m). Reported loss before tax was $21.2m ($13.0m profit) including $23.2m of goodwill impairment/restructuring costs. The dividend has been passed. Net debt was $64m. It is changing YE to March. The group is realigning the business reflecting market trends. Our recommendation remains under review. We will up ....