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$25-27m BEFORE tax = $17.5 to $19m AFTER tax. H1 NPAT $21m AFTER tax. A pretty significant half-on-half fall!


Revenue was $204m in the first half, and only $200m in the update. Corresponding figures from last year was $112m and $135m. So half-on-half top line growth was 20%, 51%, -2%...


This may be an one-off but if that's the end of their growth then the current PE of 16 (EPS = 40c) is starting to look stretched.


I am actually surprised that the share price didn't fall after the announcement :confused:


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