Postmanpat.
1H11 compared to 2H10.
Sales + 1.6%
PBT -11%
NPAT -18%
NPAT comparison is affected by CST now paying close to a 30% tax rate, however PBT is still down compared to 2H10. Expenses were definitely higher in some areas.
@Blackswan mine too, I'm using RR of 14% and assuming NPAT for FY11 of $10m (probably generous) and I get a value of about $1.80.
Looking on the positive side, the AUD is bound to tank one day and CST will reap the rewards no doubt.
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