The fact that 2nd half underperformed 1st half was due to soft transactions in recent months, but most of the EPS surprise has occurred through an accounting treatment. CUS reported a $3.2M non-recoverable GST for the full year, which I expect will be reversed pending an ATO ruling (see note 2 in the prelim report), adding at least 2 cents to EPS or approximately 16 cents all up. Clearly a buying opportunity ;)
sp and ann, page-7
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