Market conditions remained difficult as we entered this last financial year. However there were tangible signs that the market was showing signs of improvement.
As predicted the second half of the year saw activity picking up significantly. Over 60% of the full year revenue was performed in the second six months and
Neptune was profitable during this period. These stronger market conditions have continued into the start of the new financial year and activity remains strong.
However despite improvement in revenue, the pressure on margins remains significant and it is expected that it will be sometime before improvements to margins
To view Statement, please click here Appendix G4 and Corporate Governance Statement