In figure with the title of "Net profit after tax...

In figure with the title of "Net profit after tax reconciliation" in page 3 of the SRX presentation issued 24/3/2016, it showed "FX impact on P & L" of $13.695 m, which I reckon was an abnormal item and was ignored by most people.

But if we take this abnormal "FX impact on P & L" of $13.695 m off from " NPAT of 1H16" of $25.939 m (indicated in the same figure), the real normalized NPAT of 1H16 should only be $25.939 m - $13.695 m = $12.244 m, less than half of the claimed NPAT and about 30% lower than NPAT of 1H15 of 17.655 m.

So according to the above numbers are all given by SRX itself, SRX's business is in a bi...ig trouble. And I reckon this why SRX's share price dropped ~ 30% from ~$40+ in January to a recent low of $26.9.