Chairman’s Annual Review
As we approach the end of the year I welcome this opportunity to update WDS shareholders on recent Company developments and on our prospects for the remainder of FY15.
While events in the past few months have overshadowed last year’s results, it is important to record that in FY14 the Group increased net profit by 61% to $13.3m. Fully franked dividends totalled 9.5 cents per share, facilitated by strong free cash flow generating cash reserves of $18m at June 30, 2014 (WDS remains operationally cash-positive, with minimal debt).
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