The end of financial year is approaching and, with it, the AGM, when we will have to give an account of the year’s proceeding to our shareholders. As usual at this time of year, I am sending a copy of this informal end-of-the-year report to all members of the sales force. I hope that you will all find it useful and that you will let me know if you have any comments. I value your input.
We started this year with a major new product and we really hit the ground running. Our sales for the first quarter of the year were very impressive and, indeed, broke all records. (74) This was particularly heartening as this occurred at a time when many of our competitors were feeling the pinch. Indeed, there was talk among economic experts of an impending recession and even of economic meltdown. Fortunately, this gloom and doom did not materialize.
It was good that we were able to buck the trend, but as I said, we had a major new product and one, indeed, that
The end of financial year is approaching and, with it, the AGM, when we will have to give an account of the year’s proceeding to our shareholders. As usual at this time of year, I am sending a copy of this informal end-of-the-year report to all members of the sales force. I hope that you will all find it useful and that you will let me know if you have any comments. I value your input.
We started this year with a major new product and we really hit the ground running. Our sales for the first quarter of the year were very impressive and, indeed, broke all records. (74) This was particularly heartening as this occurred at a time when many of our competitors were feeling the pinch. Indeed, there was talk among economic experts of an impending recession and even of economic meltdown. Fortunately, this gloom and doom did not materialize.
It was good that we were able to buck the trend, but as I said, we had a major new product and one, indeed, that
End of Year Review | |
FINANCIAL | a. Result Turnover increased (16) %. |
Costs decreased (17) %. | |
Profits increased (18) %. | |
b. Export Domestic market very (19) , only 1% up compared with last year | |
PERSONNEL | a. Personnel development continued |
b. 72 recruited, 20 retired, 52 net increase | |
c. The (20) has expanded new areas such as quality assurance and (21) | |
TECHNOLOGY | a. Research Department has a new prototype engine. |
b. Having invested (22) technology programme |