people struggling with the math, page-2

In the Chairman's Note on Guidance it says
"Uncertainty and volatility in the global economy and the resources sector in particular may have some negative effect on full year earnings"

That statement is a concern and needs to be taken into account.

The business is excellently run but if the resources companies pull back spending which is a very big possibility in the current environment then Campbells/ALS will probably take a hit on revenue and profit and that invariably isnt a good thing for share prices of companies who produce lesser profits or dont meet the market expectation.