Hello Pioupiou
OC took the $45 million H1 earnings expectation direct from NRW’s guidance update of November 20.
https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD4we1zRKZruBxke92GA==
The expectation in that is revenue of $500M for EBITDA of $70M and earnings around $45M.
If earnings meet the FY 2019 expectation (from the same guidance ) of $1.1 billion that would create an expectation of $600M in H2?
If all things were equal that would bring earnings of $45M in H2 plus another $9m = $54M?
(Except I know that is not how it works ).
(And they don’t say if it is NPAT)
I guess Hartleys must have used the same guidance?
Cheers
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