Ann: Half-year Results Presentation, page-23

People here who are claiming the large acquisitions in 2015 did not increase eps should go back and re-read the announcements about the acquisitions:

PGC Pre-Acquisitions:
Revenue $32.2m
EBITDA $3.7m
EPS 3.2c

Acquisitions:
Revenue $73.8m
EBITDA $9.8m
EPS 3.2c

PGC Pro Forma Post-Acquisitions:
Revenue $106m
EBITDA $13.5m
EPS 4.8c

The current forecast for the full year puts us well ahead of the pro-forma financials!

The acquisitions were completed around 10/10/2015. Thus the 1H FY16 results included about 82 days of the acquisitions.
The only anomaly I can find is that the 1H FY16 results appear unexpectedly strong.
6 months contribution from the existing PGC plus 82 days of the acquisitions should give revenue of $32.6 m
(32.2/2 + 73.8 * 82 / 365)
However actual revenue was $38.4 m. Likewise the EBITDA and EPS was unexpectedly strong.

This could be caused by many things:
- Large, lumpy capital sales during the period,
- Seasonal trends (customers stocking up before the summer holidays)
- Accounting anomalies (more than 82 days of sales included)

Thus any comparison between the current and previous EPS should not be over-emphasised.

The company appears well on track to meet expectations when the acquisitions were made.