Correct. Lets put a few NPAT numbers together:
2018 HY: 6.88m
2018 FY: 6.6m
Implied 2018 2H --> Below breakeven.
2019 HY: 6.85m
2019 FY: 6.7m
Implied 2019 2H --> Below breakeven.
2020 HY: 7.6m
2020 FY: 10.6m
Implied 2020 2H --> +$3m.
The more standard state of affairs is all profitability generated in 1H, with 2H treading water. SSG managed +$3m last year due to virus, the fact they can continue on with decent profitability in H2 is a good result.
Ann: SSG - FY2021 Outlook, page-11
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