From the last page of Macquarie Australia Conference...

From the last page of Macquarie Australia Conference presentation:

"Acquisition benefits continue to drive earnings growth. We expect to achieve higher revenue and earnings (before significant items) in FY17, subject to global economic conditions. Demand conditions remain subdued with trading in April particularly weak in our rigid packaging businesses. Excluding incremental earnings from acquisitions it is expected FY17 earnings will be generally flat with the prior year. Earnings benefits from our efficiency programs will largely offset the impact of lower volume and one-off costs of approximately $3M associated with the start-up of major contracts in Jalco"