While we remain confident that our production and market focus will yield good volume growth, our margins will continue to come under pressure as a result of the significant inflationary and currency driven raw material price increases. This will likely have to be mitigated by price increases in the second half of the financial year. We expect our consumers’ disposable income to become increasingly constrained in the second half of the financial year as a result of inflationary price increases of key commodities and utilities.

HY 2016 financial results

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