Ann: Clean Seas Positioned For Significant Growth in FY18 Profit, page-7

This is a disappointing result as its well below my internal forecasts.

$3.9M loss for 1HFY18 ~20% improvement.
2HFY17 was $5.2M profit, assuming conservative 20% pcp improvement thats $6.2M for 2HFY18.

$6.2M-$3.9M brings us to $2.3M NPAT for the full year. Well below my internal forecasts. Even if 2HFY18 comes in at 40% improvement from pcp then thats $7.2M (less $3.9M) to give a full year result of $3.4M. Both are big gains from the $0.2M recorded for FY17 but the actual figure is disappointing.