Ann: Results presentation Half Year Ended 30 September 2022, page-11

Hebel and Cemintel might be the source of today's surprise! Construction systems rev up 17% this half to $165m. HY 21 rev was down 3% at 141m FY22 it was up 2% at 281m, so h2 was up about 1% at $140m and now we have a solid jump. Pg 7 of the report.

Perfect materials for the spendathon replacing that dangerous cladding. Also our new railway stations and big projects are probably contributing. Even fire tunnels etc are cladded. Hebel expansion has paid off it seems. Would be nice to know the comparative margins on that segment. It would seem to be high visibility as far as the pipeline is concerned.