Friday December 11, 2020

The board told the annual meeting that it thought 2020/2021 would be a conservative trading year and anticipated an improvement in financial performance back to pre-covid levels, but with a cautionary note that “who knows what Covid will bring next”.

It is pleasing to report that Financial Results to the end of October 2020 were in-line with our Annual Plan, and our annual forecast net profit before tax (before any asset revaluation and unrealised foreign exchange variations) remained in line with expectations.

We remain cautious of the financial impact on our Australian Business due to the current situation there, and potential impact on our annual net profit before tax