I may have read the FT article incorrectly, but it seemed that they were reporting a large operating loss converted into an overall smallish profit for the financial year ending march 2004, but when talking about an actual operating profit not bolstered by slot sales they are referring to the first half of the current financial year and their forecasts are for year ending march 2005 (ie the one we are in at the moment).
That being so I fail to see the problem. Perhaps if Cyrano had posted the whole of the article rather than being selective and just copying the bit about the last financial year it would have been a bit more obvious what was being reported - an operating loss for the last financial year and an operating profit forecast for year ending 2005.
I don't think that there is any secret that the walker group want to sell some of it's stake in the company - they have been talking about a flotation for at least 6 years and probably longer.