21 June 2022 - AGM statement

At the recent AGM the company revealed that revenues in the first five months of 2022 were slightly ahead of last year which was a reasonable achievement given the recent lockdown in China due to Covid and the Russia-Ukraine conflict which has also had an adverse impact on trading.  The company has suffered from significant raw materail price inflation as well as higher logistics costs and these have had an adverse effect on margins.  The company has increased selling prices as a result although there seems certain to be a negative imoact on profits . . .

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