Extract from the Chief Executive’s Review
Consistent strong financial performance and strategic execution.
In our last Annual Report, I outlined how the Group had executed on its growth strategy in both Bespak and King Systems.
That progress has continued in FY2013. In Bespak, we have launched a product from the development pipeline, and have also been awarded a potentially transformational programme from Nicoventures. King Systems was divested from the Group in February 2013, with a very full valuation being realised, reflecting the success of the new investment and strategy in the business in the last few years. We have also delivered on our financial expectations and end the year with a very strong balance sheet, and with a development portfolio that is set to deliver significant organic growth.
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