WELLARD has had a tough 12 months but there are signs the tide is turning, according to chairman David Griffiths.
Mr Griffiths addressed the companys annual general meeting recently at the Crown Convention Centre in Perth, where he highlighted the success of the first shipment to China and other measures undertaken to lift the company out of the doldrums.
I am pleased to say that progress with the restructuring and costs out program is continuing, Mr Griffiths said.
We estimate to have reduced overheads at an annualised rate of greater than $10 million (or about 27 per cent on the 2017 financial year), with further savings and efficiencies expected.
The market environment remains challenging, with the continuation of h…