This is a very disappointing downgrade. The announcement is...

This is a very disappointing downgrade.

The announcement is forecasting underlying profit before tax to be in the range $7 to $8.5 million compared to $10.981 million actuals from the previous first half - see data from accounts below.

From half year accounts for 6 months to 31-Dec-2012:
1HFY13 1HFY12
$'000 $'000
Underlying Profit Before Tax $10,981 $8,531

I couldn't find any guidance numbers for the current first half but I guess the analysts will be issuing some updates before Xmas.