Normalised profit is divided by shareholders equity at the end of the financial year
FY2016: $99.6m / $871m = 11.4%
FY2017: $131.7m / $944m = 14.0%
FY2018: $97.2m / $1,022m = 9.5%
FY2019: $65.6m / $979m = 6.7%
FY2020: $68.6m / $927m = 7.4%
At no time over the last five years has 'Return On Equity' exceeded 15%
Conclusion: FAIL TEST
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