Not the clearest earnings guidance.
The half yearly guidance for revenue was high single to low double so at 12% that seems O.K
NPAT margin in line with first half (17.76%)
2.5M additional expenditure from costs of EGM and accelerated investment blah blah.
Last year Rev 60.4M
60.4 x 1.12% x 17.76% = 12M less 2.5M = 9.5M and this guidance is 10.2-10.5M
So maybe not so bad at all - but until the conference (31Mar???) its a fair bit of guessing in the dark for us punters based on that update. Who knows how the market will react.
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