Ann: Appendix 4D - Half Year Report, page-2

That looks a reasonable result to me. NPAT down 11% from $9m to $8m, dividend maintained.

I loathe these 'underlying' figures so many companies use, but I suppose this is how they see matters. PEA is not a large business so results can be lumpy.

Guidance of full year EBIDTA of $43-44m is affirmed. Management is making positive noises about fresh contract opportunities ahead, so all good. I am curious to see how the SP reacts.

Ash