Perhaps I'm looking at the wrong numbers but I think EBIT for H1 FY24 was $72.3 and not $59.8. I think the number you're using ($59.8) is the NPBT i.e. before the interest charge ($13,441) is added on. If I'm correct that would make the EBIT increase more like 5% to 6%. That's still reasonable in this environment and supports the strong decision made to close stores that weren't pulling their weight. My apologies in advance if I've confused something here.
AX1 Price at posting:
$2.21 Sentiment: Hold Disclosure: Not Held
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