Commenting on the results, Peter Slabbert, Chief Executive said: “The award of the $112 million, multi-year contract by the US Government should underpin the Group’s return to profitability in the short term and secure a long-term and growing revenue stream for our Protection business. Our immediate priority is on increasing our profits through manufacturing efficiencies and cost reductions and converting significant opportunities for sales of our market leading range of respiratory protection products around the world.
The first half year has seen an improved performance from our already successful Dairy business and we expect this to be maintained. We further expect to secure long-term contracts for our Engineeredn Fabrications business which will provide benefits in 2009.
The Board is confident that the foundations are in place for a period of sustainable and profitable growth.”
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