hi grasshopper. 1H FY17 was 20.451m. Last year's FY17 NPAT was...

hi grasshopper.
1H FY17 was 20.451m. Last year's FY17 NPAT was 37.236, so 16.785m in 2H FY17. 5-10% YoY growth is 39.1-41m FY18, and given 23.514 in 1H FY18 that suggests 15.6-17.4 in 2H. So their guidance is a range around last year's 2H. Not too concerning for mine. I think the weak January prompted their 5% estimate. So, assuming January isn't repeated, I still think they are on track to grow 2H profits marginally.# And whatever, a bigger network with more outlets producing revenues in FY 19.

# Note too that given the expensive purchase of that Parramatta Rd store in Dec 2017, the 2H should save $200k in rent relative to last year, so that will have been included in their forecasts.