It is expected that liquidity constraints facing the economy will continue at least in the short to medium term. This will inevitably result in reduced productivity. While performance of the battery business is expected to improve in the second half of the year in the peak winter season, market volumes in the rest of the business units are not expected to change signifi cantly. As a result the Board has adopted a strategy of cash conservation during this period...

HY 2014 Financial results

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