@risk41 They have carry forward losses due to tax write-offs for new equipment which they went hard on.
The other thing they mentioned is that they should achieve price increases in line with inflation.Dividends will become franked when they use up the tax losses and start to pay tax.
It sounded like they run a 'tight ship'. They will pay down debt further by June 24. So less Interest expense assuming rates do not go much higher.
Ann: 1H24 Results Presentation, page-4
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