On page 5 of the half yearly, profit guidance is given as follows ‘FSA Group expects its normalised profit after tax to members (excluding rate swaps) for the 2017 financial year to be up 10% to 15% on the 2016 financial year with EPS in the range of 10.85 cents to 11.33 cents’.
Put another way, FSA Group expects its normalised profit after tax to members (excluding $1.12M in after tax profit from rate swaps) for the 2017 financial year to be up between $1.23M to $1.85M on the 2016 financial year normalised profit of $12.3M with net profit after tax in the range of $13.57M to $14.17M.
Add on the rate swap profit of $1.12M for the first half and you have a NPAT range of between $14.69M and $15.29M. If all goes to plan, FY2017 is going to be a record profit.
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On page 5 of the half yearly, profit guidance is given as...
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