Profits from abroad are down because of a ____ in Japan.In our home ____ it has been another excellent year. Pre-tax profits are up by £2 million, and the ____ for the next quarter is equally good. We plan to issue new ____, in order to finance expansion in Asia. We also plan to increase our ____ in plant and equipment before entering the Chinese market. We are particularly pleased with our performance in France and Germany where ____ have increased. We will use any extra cash to reduce the level of our ____. Our performance in Italy should improve significantly following the ____ of our biggest competitor. The ____ will be increased to 4.3P per share, which will please our shareholders"

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