New elements disclosed in this presentation :
- number of pearls sold in FY 23 : 583,119 (+ 3 %),
- average price per pearl in FY 23 : 45 $ (+ 25 %).
As the average price per pearl was 100 $ at their September auction, it is a confirmation that their sales will more than double in FY 24, if prices remains the same for the rest of the year and sales volume is similar to FY 23.
Given the chairman's comment, there will probably be some cost increase to partially offset the large pricing impact.
But I don't expect the cost increase to have a major impact on their result.
Ann: Annual General Meeting - Presentation, page-2
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