Trading update , well ahead of last year and an upgrade to guidance.
This stock just goes from strength to strengh . Price has just about doubled since the GFC
The strong core NPAT growth in this period is a result of better than expected
performance in the Australian business, brownfield ramp up, slightly better than
expected results from our UK business (which has performed well despite a weak UK
economy) and interest costs having been lower than originally expected as a result of
lower than anticipated interest rate rises coupled with more effective capital
management.
As a result, the core NPAT growth of the Group for the full 2011 fiscal year is,
barring unforeseen circumstances, expected to be in the range of 22-24%, which
compares to earlier core NPAT guidance of 13-15% growth over the prior year. This
upgraded core NPAT guidance of 22-24% growth would translate into core EPS
growth of 18- 20% for fiscal 2011.
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