Chairman's Report
SubZero Group Limited (SZG) effectively launched on the Australian Securities Exchange (ASX) in mid April 2013 and in the relatively short time since it has substantially delivered on the strategy presented to investors. Together with Mr. Glenn Molloy as the Company’s inaugural Chairman, I would like to thank those investors for their support and I am pleased to report that the Company is well positioned to face the challenges of the current economic climate.
Whilst in some respects not a traditional mining services company SZG, like all companies supporting the mining and resource sector, has not been immune from the downturn in the sector. Having resolved some initial, yet not insignificant teething issues during the final stages of the development of our new purpose built facilities in Muswellbrook, the Company has now emerged from the ASX listing process and the underlying results are whilst unsatisfactory are in line with expectations.
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