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That was up from a previous estimate of 5percentt.
That is down from a previous estimate of $500 million Australian dollars.
So it now expects full year earnings of £109m to £111m, up from a previous estimate of £106m to £108m.
The company said it expected sales of $33.5 million, up from a previous estimate of $26 million to $28 million.
Over the last 12 month average wages have increased by 2.2%, up from a previous estimate of 1.9%.
Second-quarter earnings will be 4 cents a share, down from a previous estimate of 8 cents, Mail-Well said.
That is down a point from a previous estimate April 29.
Germany's industrial output fell by 0.9%, following a rise of 0.8% in June, revised up from a previous estimate.
The Reuters/ University of Michiganconsumer sentiment index for March was revised to 73.6 from a previous estimate of 72.5.
The trade ministry also said that it now expected exports to total $90 billion at the end of the year, up from a previous estimate of $88 billion.
Nortel said yesterday that it would have sales "well below" $4 billion this quarter, down from a previous estimate of $5 billion.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com