CEO and Managing Director Address
Thank you for the introduction Jenny and good afternoon ladies and gentlemen.
As outlined by Jenny, the challenges we experienced with our business mix during the first half of FY19 resulted in the Operational and Strategic reviews of our business during the second half.
The outcome of these reviews was the decision to divest our Communications and AV businesses reducing our exposure to non-performing assets and reduce the overall complexity of the business. This will enable the company to streamline and narrow the focus of our distribution business and increase our investment in our Health business.
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