I suspect the 4th Qtr low sales was to do with the recently introduced Accounting Standard where sales cannot be recognized as income until the goods are in the hands of the purchaser. So where product was shipped by sea...then it may still be "on the water " at 30 June. This may also help explain the high inventories at 30 June.
May be a valid explanation IMO
I suspect the 4th Qtr low sales was to do with the recently...
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