Ann: Acquisition, page-7

Good pickup. South Pack contributed just 200k in profits to CVC in H1 but 600k for the FY. 600k ties in with the $1.3m figure above @48% ownership. Either the business is seasonal or H1 does not represent a full six months contribution. I suspect it is the latter since we know the acquisition occurred during H1 just not exactly when. So potentially npat run rate is more than $1.3m.