date:Feb 17, 2013
10.9 million after-tax gain on the sale is expected to be used to pay the groups debt.
The group also announced that net debt had been reduced by 35 per cent to $498 million. Its Project Renaissance, plan to achieve $100 million in recurrent savings by 2014- 2015 was also reported to be on track, with an expected $16 million in savings for the end of financial year.
While we still have significant work to do, I remain confident that the improvements we continue to make will enable the company