Wagners Holding Co Ltd (ASX:WGN)
A$ 1.395 0.025 (1.82%) Market Cap: 262.52 Mil Enterprise Value: 446.76 Mil PE Ratio: 26.02 PB Ratio: 1.97 GF Score: 73/100
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Half Year 2020 Wagners Holding Company Ltd Earnings Call Transcript

Feb 24, 2020 / 10:30PM GMT
Release Date Price: A$1.78 (-3.78%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Wagners half year results briefing. (Operator Instructions) Please be advised that today's conference is being recorded.

I will now hand the conference over to your first speaker today, Mr. Cameron Coleman. Thank you. Please go ahead.

Cameron Coleman
Wagners Holding Company Limited - CEO

Good morning, everyone. Welcome to today's presentation to discuss our results for the past 6 months. Fergus Hume, our CFO, is here with me today to run through our presentation.

As you can see, the first half of 2020 has been extremely disappointed -- disappointing. Our first half results are low due to no major project work being undertaken; the loss of cement volumes due to the dispute with Boral, with sales only resuming in late October, along with increased pricing pressure in the concrete and cement markets in South East Queensland. Some positives to come out of the half include our transport revenues and profit continuing to grow as expected, with more opportunities arising throughout

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