Your Board anticipates the current difficult macro-economic environment to continue in the short to medium term.

The investment in new machinery and equipment at Eversharp, Kadoma Paper Mills and Chloride Factory has placed the Group in a stronger position to compete in the local and regional markets. It is anticipated that volumes in most business units will be higher due to increased exports and winter
demand for batteries in the second half of the year.

Plans are underway to further automate the manufacturing businesses in the medium term and a commitment has already been made to increase capacity at Eversharp by year-end...

HY 2015 financial results

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