Company News Summary | 17 Nov 2021

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BWX Provides Chairman and CEO Addresses Presentation to AGM

11:49:00 | Associate analysts

Original annuncemenet:Chairman's Address to Shareholders

BWX provided its Chairman's and CEO's addresses presentation to the Company's AGM. Group revenue increased by 3.5% in FY 2021. On a constant currency basis, it delivered group revenue of just over $203m, which is an 8.6% increase on FY 2020. Its gross profit margin expanded during a period when operating expenditure increased in line with strategic investments in marketing and employee headcount. Statutory NPAT increased over 60% on the prior year to over $23m. It also experienced good results through investing in its direct-to-consumer offering, with online sales accounting for 29% of group revenues in FY 2021, up from 20% historically.

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