Pumpkin Patch delivers improved results in FY'12

28 Sep '12

3 min read

"We have managed inventory a lot better and have been very disciplined with capital expenditure. As a result inventory is considerably lower than last year at $61 m and bank debt is also lower at $55m. With better trading performances in 2013, good control over inventory, costs, and capital expenditure we are forecasting bank debt to further reduce over the coming year".

Cowie concluded by saying "Not withstanding current retail conditions following the reorganization, which is now mostly complete, we are a simpler and more agile business that is much better placed to take advantage of the opportunities that exist across Australasia and our international markets. We can now look towards the future with more confidence".

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