Ann: Half Yearly Report and Accounts , page-2

Is it just me or is this report a shocker?

EBIT of $163m and borrowing costs of $173m! Yikes! Taking out the non-cash items and once offs, EBITDA was just $139m.

Power Generation - the bread and butter - contributed just $73m to operational earnings, down from $120m in the corresponding period.

Even taking Varanus into account ($18m) it appears to be a shocker.

They will struggle to meet their revised guidance of $310m-$325m.

I cannot recall what they were expecting from Energy Markets post Alinta. Operational earnings there are $77m.

Anyone with some contrarian arguments?