This year has been one of challenge, opportunity and solid performance.
The global pandemic proved it’s still a force to be reckoned with and the new and emerging COVID-19 strains show we all need to stay vigilant and keep on our toes with ensuring good health, safety and hygiene measures.
In spite of these ongoing considerations, and some substantial lockdowns across Australian states during 2021, our business has adapted, evolved and taken this in our stride to deliver robust results and financial performance. Compared to Q1 FY21, our net revenue for Q1 FY22 is up 41% to $AUD1.45bn.
We continue to work hard on optimising production and increasing supply despite the ongoing and very real challenges of global supply chain and shipping constraints, and increased demand for steel. This will be an ongoing focus for us through 2022.
Our global operations, including recycling centres in Poland and the US, continue to perform well with our La Place operations recovering from the impact of recent hurricanes.
Our good to great journey is well and truly underway, and I’m proud and thankful for the passion, hard work and expertise our people bring to the table every day. I’m excited about the opportunity for further growth and the improvement that lies ahead as we continue our mission of building futures through sustainable steel.
But for now, I want to wish all – our customers, suppliers, the communities in which we operate, our people and their families – a very Merry Christmas, and a happy and safe New Year. I trust you get some time to rest and recharge and spend some quality time with family, friends and loved ones.
Take care and stay safe.
CEO and Managing Director InfraBuild
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