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Please find attached the Directors’ Report and Financial Statements for the year ended April 30, 2011.
The market in the year to April 30, 2011 continued to remain a challenging environment. The Board is pleased report that revenue increased 35% during the period. Management spent considerable time and resource developing markets and new equipment types. Commencement of trading in Brazil took longer than we anticipated and, following our year end, business has increased and we remain confident the investment will produce significant returns.
Our policy remains to concentrate on high margin sectors of the international transportation and offshore supply industries to maximise returns on the capital employed. We continue to expand our business both by geographical footprint and by product mix. Innovation is a key component and Cargostore has designed and introduced a number of equipment types which are unique to the company. Working through a growing number of agencies and partnerships we feel confident the current year will reinforce Cargostore's place as a significant supply of equipment and services in our chosen market sectors.
Download 2011 Report & Accounts as PDF
2010 Report & Accounts
2009 Report & Accounts |
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