What are expectations for the 1H23 profit result due around 20...

What are expectations for the 1H23 profit result due around 20 February (if prior year release dates are anything to go by)?

At the 2022 ASM in early November the directors "remain(ed) confident in delivering Underlying EBITDA in the range of $68 million - $71 million for FY23". This compares with the FY22 underlying EBITDA of $60.1 million, which was split $31.4 million for 1H22 and $28.7 million for 2H22. Note that historically the first half is slightly more profitable than the second half.

Full year Underlying EBITDA forecast growth is therefore between 13% and 18%. Applying a midpoint of 15% growth to 1H22 Underlying EBITDA would produce $36.1 million. Presumably dividends will also increase in line with growth. with a weighting to the second half of the year. A 15% increase on 3.2 cps would give a full year dividend of 3.68 cps. Dividend will presumably remain unimputed due to the existence of tax losses.

Weather disruptions aside, the half year appears to have traded strongly.