There were two types of business NLX was doing, i.e., distribution and production businesses. Since last year, NLX has made a major changes - it moved manufacturing business off-shore and also sold the businesses that were not making money. NLX is now focus on distribution in Australia. I believe these measures will dramatically reduce its costs. NLX is not the only company facing challenge from imported goods. Many manufacturing companies are struggling to survive. But anyway, radical reform is underway in Nylex, we will see if it can survive or not soon.
NLX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held