Re new product initiatives on slide 17, the CEO said that FY 24 would see the impact from this. Approaching commercialisation needs new equipment/tooling, so rollout should be in FY 23. They are core type fittings development with more detail in 2H 24.
This was no doubt a difficult briefing for the CEO and CFO given the incredible uncertainty and volatility but at times I did not find the latter's explanations clear, and nor was some of what he said overly convincing, but I am not an accountant. The CEO gave better answers where he could.
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