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Don't forget depreciation and amortisation are always massive...

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    Don't forget depreciation and amortisation are always massive ($9M in FY19 and $7.7M in FY18), not sure of the effect of selling Elton, but could push NPAT circa $5M loss for the half.

    NPAT further affected by any restructuring costs (read redundancies), share based payments, acquisition costs and the like.
 
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