2009 Annual Report

The Company announced a full year after tax result of $26.1 million. This is an increase of $3.6 million or 15.9%, when compared with the previous year’s result. Sales at $484 million were $20 million lower than last year.

Previously announced results for the six months to 31 December 2008 were sales revenue of $274 million and net profit after tax of $20.8 million. For the second half of the financial year, the sales revenue was $210 million and net profit after tax was $5.3 million.

The Company’s result represents an EBIT return on year end total funds employed of 21.9% and an after tax return on average shareholders’ funds of 17.9%.