Poor performance with a lot of would-be, could-be, should-be justifications. The CEO should explain what good is his hedging policy if the strong A$ can still damage the results badly. Lucky for him that it is now coming down and wood price is up. Debt is up but net assets are down. I don't think the new acquisitions will pull all the chestnuts out of the fire. I am expecting that the full year results will fall well short of forecast.
Ann: 1H18 Results Presentation, page-2
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