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So Asia grew more than the average and more than North America, but that's a smaller piece of our business. So there's a couple things going on, on mix. Some is in product mixes, but more pertinent is the geographic mix. We have higher margins in North America and we grew more than the -- what I would say, the industry projections for growth were. So we had a geographical mix that benefited our overall margins. And as I've said, that volume, when we were -- got our manufacturing consolidation lined out, those volumes contribute pretty significantly to margin improvement as we push higher volumes through a more efficient [plans]. -------------------------------------------------------------------------------- Michael Harrison, Seaport Global Securities LLC - Analyst [17] -------------------------------------------------------------------------------- And can you talk a little bit about what you're seeing in -- among your key customers in North America just in terms of kind of where inventory levels are? You mentioned that we're heading into a seasonally weaker period.

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other products In additional to providing Bridging Loans, First 4 Bridging also provide Development Finance, Buy-to-Let products and Medium Term Loans. As with the Bridging Loans, First 4 Bridging ensures that the process is as simple as possible. We offer the following products: Development Finance Development finance loans from 50,000 Up to 100% of the build costs Up to 70% of the GDV Payment roll-up subject to LTV BTL Products Commercial term loans from 100,000 Up to 75% LTV

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