Business as usual - $38mill NPAT here we come!, page-48

Baro, I to did look at my numbers and I reckon you could be spot on. I took 1st half Npat growth of 328% (3.2m - 2015 to 13.7 - 2016) and due to demand is still strong and historically 2nd half is higher, I applied the same growth for 2nd half. So 5.9m - 2015 to 25.2 - 2016 which means full year Npat comes in at 38.9 million. EPS at 0.40 and if dividend payout ratio remains at 40%, DPS comes in at 16.1 cents. So 2nd half dividend would be 12 cents. This can only go higher with stronger profits and payout ratio beyond 50%.