Ann: Full Year Results - Media Release & Appendix 4E-GAP.AX, page-7

If they can continue to expand EBITDA margin back to historic levels then sp should see a rise

Nice to see some independent analysis on this one now too:

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7	Column 8	Column 9	Column 10	Column 11	Column 12	Column 13	Column 14	Column 15	Column 16	Column 17	Column 18	Column 19	Column 20	Column 21	Column 22	Column 23	Column 24	Column 25	Column 26	Column 27	Column 28	Column 29	Column 30	Column 31	Column 32	Column 33	Column 34	Column 35	Column 36	Column 37
0	Column 1 0			FY12A	FY13A	FY14A	FY15A	FY16A	FY17F	FY18F+ Operating revenues generated		AUDm	110.6	120.5	137.8	149.4	174.2	176.2	178.4- Operating expenses incurred		AUDm	92.7	102.4	120.6	134.9	156.1	157.8	159.6+ Operating EBITDA generated		AUDm	18.0	18.0	17.2	14.6	18.1	18.4	18.8

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