ZEN - Where have the buyers gone?, page-28

Re: can I ask, where did the company way eps was 7.5 cents if first half and 1 cent in 2nd half.
The company reports first half results and full year results. One can easily calculate second half results by subtracting first half from full year results.

I posted the numbers back here: https://hotcopper.com.au/posts/34744560/single
Revenue and NPAT for the last 4 halves, from oldest to most recent:
Revenue: 15.51, 15.89, 33.79. 17.64
NPAT: 1.73, 1.39, 7.39, 1.08

There was clearly one stand out half year result, I wouldn't assume that could be repeated without knowing the reasons behind it.

Re: profit forecast. The company has forecast EBITDA, which exculdes Interest, Depreciation, Ammortisation and Tax.
If the company is operating in a consistent manner with the same types of revenue, expenses and capital used, it may be reasonable to expect profit to increase in line with EBITDA. However that is not the case with ZEN. Zen is increasing its proportion of revenue from BOO, in FY18 it was under 50%, in FY19 it is forecast to be around 70%.
BOO will be more capital intensive than their other operations, resulting in higher interest to buy the equipment and higher depreciation.

Consider their recent Notes issue, $40m at 7.55%. That alone will result in interest payments of around $3m, more than enough to offset the forecast increase in EBITDA.