I agree it is hard to tell what is implied for revenue and profits in the second half.The announcement says "any downturn in the pre-existing business being offset by the contribution from our acquisition of the CCL Group during financial year 2020."
If you assume that implies revenue and profits were the same in 2020 as in 2019 in total then the second half of 2020 had revenue around $104 million, NPAT of $2 million and EPS of 1.6 cps. That would be worse than the second half of 2019 and much worse than the first half of 2020, despite only really one quarter being badly hit by covid. Still the fact they have maintained dividend suggests they think earnings will be reasonable on an ongoing basis.
It leaves the market trading with limited information until we get the accounts.
ASH Price at posting:
32.5¢ Sentiment: Hold Disclosure: Held
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