Absolutely.. not suggesting one bit that the half year that has passed will be what future earnings will be.
But it does give an idea that there is quite a bit of growth priced in already ... a P/E of 38 implies a net profit of $18,856,000 next year.
This assume no further dilution.
Calc below:
$1.30 / $0.0342 = 38.0117 P/E
$0.0342 cps x 551,341,581 = net profit $18,856,000
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