REFS is
a mine of invaluable information for the private investor.
Selecting shares without its help is like trying to
clap with one hand tied behind your back.
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Norm
(normalised) pretax
Normalised
pretax profit is calculated by taking the reported result for
each period as a starting point, and then excluding any items
which are exceptional, abnormal, or non-recurring in nature,
together with any non-trading profits and losses.
See Calculating
normalised and IIMR earnings for further explanation.
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