Another strong quarter and i like this part the most
Sales to the national retail chains were down 15% against Q4 FY17 as last year’s fourth quarter contained a one-off stock build into the retailers which impacted on replenishment sales Q1 FY18. Not having this stock build at the end of this current financial year will improve Q1 FY19 sales.
Not only will Q1 FY19 Sales to retailers be stronger, the profits from Matso's will go straight to the bottomline and will end with yet another strong quarterly.
I'll be topping up yet again on any dip as buying in the teen's won't be an option in month's time.
Ann: Appendix 4C - quarterly and Progress Report Q4 FY18, page-5
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