Hi uawkn,
Yep, that appears to be what ARB are saying. Even if you were to back out the entire $9.8m of covid support received in Q1 as pure profit (which it ain't), they are still forecasting 1H/2021 EBIT of $60m - $62m, which equates to EBIT of approx $0.76 cps, up from approx $0.43 for the corresponding period or around 76%.
This profit growth should go some way to justify the high P/E ARB currently trades at...
ARB, page-2
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Last
$37.83 |
Change
-0.810(2.10%) |
Mkt cap ! $3.147B | |||
| Open | High | Low | Value | Volume |
| $38.35 | $38.72 | $37.68 | $1.713M | 45.00K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 147 | $37.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.83 | 976 | 6 |
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| Last trade - 12.13pm 19/06/2024 (20 minute delay) ? |
| ARB (ASX) Chart |