Q4 2019 Page Industries Ltd Earnings Call Transcript
So, good afternoon once again. This is Vedji here. I just gave a quick update about financial 2019. The revenues for financial 2019 grew by 12% and throughput was kind of flat. Volume from 2019 grew by 5.6% and Q4 grew by 1.1%.
The financial year was pretty below our expectations. The reasons, economy at the micro level has not been at its best through the last 18 months now. Post the GST the inventory [building] by most (inaudible) has been reduced because of stricter compliance requirements.
Liquidity issues persist in retail. Investors who have been following us or our business would know that Q4 has been typically a weaker quarter for us and this year in particular was on a very, very high base of last year. I would like to refrain from commenting on a quarter-to-quarter, but our long-term outlook and optimism for future remains as confident and bullish as ever.
So, outlook going forward for the financial 2020 and beyond, while I just said that 2019 was below expectations, this only makes our results
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