Good news, except that quite a bit of dilution means that EPS didn't improve that much YoY.
NPAT up 6.9%
EPS up 4.5% (dilution must make up the difference)
The SP is down YoY though, while EPS is up 4.5%, so potentially good value now.
At least they're not in a downward spiral, which is what the SP was suggesting, but still improving and the dividends are fairly good.
