OVERVIEW
HIGHLIGHTS
2008
Reported profit after tax was $72.2 million for the year ended 30 June 2008 compared with $80.1 million for 2007. Earnings before interest and tax (EBIT) was $160.4 million, down 14 per cent.
The 2008 result reflected the impacts of very challenging external market conditions, including rising costs, weak global demand and a weak US dollar. Against this, the Group made good progress on cost reduction programmes, growth in higher value product segments and continued to deliver its programme of strategic initiatives.
