Half Year Results

Out on Tuesday 20th

Last financial year NPBT was $51m ( v $58.8m in F16)
It was stated that without the weather conditions and delays in title issuance NPBT would have been similar to F16. And that is with a change in product mix and timing aspects of revenue recognition where new prjects would take longer to be recognised, essentially improving future periods profit at the expense of the now). We should start seeing the benefits of this delayed revenue recognition over the last 6 months and next 12 months.

Profit is always weighted to the second half of the year. PCP NPBT was $20.4m.

I'm expecting an increase close to $25m in the results out on Tuesday and a full year profit increase to $65m.
The 5c FF dividend that remained steady last year should increase to 5.5c which equates to a 7.5FF divi.. with strong earnings momentum.