Pg4 Chairman's AGM Address. "We expect 2013 Net Profit after Tax...

Pg4 Chairman's AGM Address.

"We expect 2013 Net Profit after Tax in the range
from $37 to $42 million.."

On revenues what NPAT margin is that?

Gross Profit margins is an interesting metric to look at.

Could there be further margin compression?

What are the risks?

A lot of uncertainty hence probability payoffs aren't the best.

PE 8 sounds about right.