Yes the report isn't excited anybody given the NPAT of 3.6m but...

Yes the report isn't excited anybody given the NPAT of 3.6m but the Company said December is a low point of sales compared to June thus the underlying EBIT and the cash balance look positive compared to June 2015 figures.

Net sales in commercial prints in Australia is still facing structural problem resulted in a drop of 5.9% attributable to lower volumes and pricing.
The problem has been solved by influxes of imported papers and paper mills closure in Australia. It takes time to fix the balance sheet and the minor operating cash flow of 0.2m is a positive thing compared to huge outflows of 22.3m in the same period last year.

The company will host a meeting with unitholders in April and the company should show a quaterly activities report according to asx rules. By then we will see should the next report excite all of them or maybe later in this year.

Improve performances from diversify businesses in sign&displace, lables&tapes, corrugated food containers&boxes rose 11%

Cash balance is nothing if the company doesn't know how to use it. Actually the company said the simplify securities should help to pursue acquisitions and to pay divi. It sounds right, isn't it because values are NOT yet realized to shareholders.

Taxing time is also an additional thing to watch for any improvements in the balance sheet. Stay long for me.