Key AWS assets, including the iconic Woolmark brand, Sportwool, Optim and the Market Intelligence business were sold to AWI in October.
Shareholders learned that the Woolmark and Sportwool had performed particularly well during 2006/2007 financial year. “The Woolmark, for example, generated revenue of just over $16.3 million and Sportwool $3.6 million for the company,” explains Barry Walker.
“We are very pleased with the financial performance of these assets and our shareholders should know that the net asset value of their shares has subsequently improved dramatically. Our focus has and always will be firmly fixed on our shareholders,” he added. “Our job is to make sure that shareholder investment is maintained and maximised.”
Australian Wool Services Limited
marketing@alchempro.com
