the opening of the Melbourne office has just been announced.two...

the opening of the Melbourne office has just been announced.

two thirds of the way into the HY and profits are already running at half the 2007 FY results - despite the lumpy nature of the corporate end.

That's a great result and means the profits this FY 2008 are currently running 50% higher than last year so far.

So extrapolating out for the FY 2008 - we should see a Net profit of $4.5 mill plus.

Also huge fees will be derived if the FAS takeover of GWR goes ahead - and Tasman IPO should keep the corporate fees ticking over.

the lumpy nature of the corporate side you'd think should even out over the rest of the year - and with the law of averages should contribute more so for the rest of this financial year and the 2nd half.

so a $5 mill plus NP is not out of the question for the FY 2008.