AAX state that H2 earnings will be lower than previously...

AAX state that H2 earnings will be lower than previously expected (due to failure of approval for Canadian copper projected, adverse currency movements etc). Buried in text of update trumpeting higher revenue then H1 when a loss was incurred. Now project FY underlying profit of 0-3 million, but loss of 7-11 million after one offs.
H2 profit projected at 7-10 million. At best this company if H2 profits indicate FY for next financial year has P/E around 15+. But company has history of dissapointing