Ann: Half Yearly Report and Accounts, page-2

Looks to me like this half has been the time to take write downs, settle majority-owned Spotless into the group business and focus it.
So while the headline profit numbers are not good, and the business margins are unreasonably low (generally 3-7% across business segments; I consider contractors need 10-15% given risks and the perennial need to rebid and recontract), the directors are telling us that:
- underlying profitability growing
- they stick will full year forecast
- they indicate they believe it by the continued dividend (up a little if you ignore the reduction in franking from 100% to 50%; down a little in grossed-up terms).

So my assessment is that business is looking solid (but not yet exciting).