Quote Originally Posted by Beagle View Post
https://s3-ap-southeast-2.amazonaws....073/264199.pdf

Page 5 clearly says N.Z. sales have been flat, (not group sales). I think the analyst who commented on NBR that this was very poor has misinterpreted this as sales for the company overall are flat and made the comment that this was poor because of the expanded size of the group including the Australian operation.
I think Metro are creating the confusion themselves ...maybe a good ploy

Best result probably is Groups half year to be similar to last year (which only had 2 months AGG)

Your guess as good as mine

The Chair address mentioned both NZ sales and Group results -

Given the current conditions we are seeing in the market, we expect the Group’s first half results to be similar to those achieved in the first half last year, which was a particularly strong half. Activity levels to date have been below our expectations and as we had resourced the business accordingly there will be a need to adapt and pursue efficiency initiatives through the second half of the year