The silver price has continued to stay high and the exchange rate against the Brazilian Real continued to deteriorate through the second half of 2012. (As an aside- it has improved about 10% so far in 2013).
The soon to be released 6 monthly report will make interesting reading to see how and if they have been able to stem the bleeding from the Brazilian arm.
This from the 2012 ann report: "SDI continues to invest in the development of Aesthetic restorative materials with the aim of reducing its reliance on Amalgam products for its profitability. The profitability of Amalgam products are heavily influenced by the fluctuation of the silver price".
"The Company is continuing with its on-going aim to reduce its manufacturing cost base and is currently exploring options to relocate its labour intensive processes offshore. It is currently conducting a product packaging trial with an offshore partner and the results will
be analysed and fine-tuned over the next six months".
"The Company’s strategy of lowering its manufacturing cost
base and improving productivity should assist its Brazilian operations to become more price competitive and improve its profitability".
The silver price has continued to stay high and the exchange...
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