They'r quoting headline NPAT but that is misleading as EPS is calculated after removal of non-controlling interests which is $8.2m.
There are substantial non-cash items in the Stat figures so reported NPAT understates true cash generation but the result was still soft, mainly because the education division fell apart worse than expected.
FY17 should show very good growth but for the moment I think there could be more downside after that result. I sold
