Having originally grown out of the Austin indie-rock band Okkervil River, Shearwater completes its final transformation into a distinct unit with Rook.
Margins suffered due to seasonally lower sales resulting in lower revenue per store and some other costs related to transformation of the business to a more efficient unit.
The housing minister's 30-year housing transformation programme also included setting up a strategic housing unit, creating an independent regulator and establishing a States-owned housing company.