EE released strong Q2 2018 results in which H1 2018 revenue and NPAT jumped by 1.2% YoY and 40.6% YoY, respectively. The top line and bottom line reached 40.2% and 56.4% of our full-year forecasts, respectively. NPAT growth was driven by the power segment (+69.0% YoY) and a USD5.3mn gain from disposal of a real estate project, which more than offset weak results from the Mechanical & Engineering segment. Excluding one-offs, NPAT grew 22.5% YoY. We expect some downward adjustments to the M&E