Q1 2019/2020Q12018/2019
Oct 2018 to Dec 2019Oct 2018 to Dec 2018
Conductor tonnes sold426465

 

Export volumes increased by 69% comparing the current quarter to the same quarter last year due to some successful consignment stock initiatives but also noting we were coming off a low base.

Local volumes decreased by 13% reflecting the recessionary monetary policies in place.

Hyperinflation is being hedged by maintaining our finished goods stock levels which are currently at 707 tons against a stable monthly sales model of 140 tons.

We have no reason to believe that the next 3 months will be any different to this quarter’s volumes. Accordingly we are forecasting a six monthly volume that will be slightly above the previous year’s six monthly volume.

By order of the Board

C Kangara
Company Secretary