The business environment is expected to continue to encounter challenges, however, the second half of the year ordinarily performs better than the first half. Brick sales will continue to be driven by private home developers and marketing efforts will be directed towards the same in an effort to increase volumes.
Management will remain focused on improving efficiencies and reducing costs. It is anticipated that there will be pressure on prices for the remainder of the financial year.
Occupancy is expected to remain flat while efforts will be directed at strict screening of potential tenants to avoid defaults.
HY 2015 financial results