looking quite cheap, page-10

Extract from HY results

The Company’s balance sheet remains very strong with gearing of 28% and interest cover of over
10 times.
Earnings per share (fully diluted) from continuing operations and pre Virgin Blue development
costs, was 37.7 cents for the six months compared to 32.8 cents in the previous corresponding
period. This represents a 15% increase on a continuing business basis.
Directors have declared an ordinary share interim dividend of 13.5 cents per share payable fully
franked. The dividend payout ratio is consistent with prior periods and represents an increased
payout of 14% over the prior year on a comparative continuing business basis.