Only having browsed the results, it's generally very good especially the interim divvy representing only 64% payout ratio and target for the yr being 70%-75% puts us in good stead for a very strong final divvy.
It's interesting that they generate about $3.4 billion in earnings but the NPAT is "only" around $230 million it shows that the margins are fairly slim and they need to keep refining products & staying one step ahead in a competitive market.
Ann: HY 16 Results - Media Release, page-5
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