Page 6 - cosmosteel

THROUGHOUT THESE CHALLENGING YEARS, THE
GROUP REMAINED RESILIENT AND HAS GROWN
STRONGER, RECORDING STABLE RESULTS AND
SIGNIFICANT PROFITS AS WELL AS DISTRIBUTING
YEARLY DIVIDENDS TO OUR SHAREHOLDERS. IN 2013,
DESPITE BEING FACEDWITH TOUGH ECONOMIC AND
COMPETITIVE ENVIRONMENTS, WE MANAGED TO
ACHIEVE A SET OF COMMENDABLE RESULTS.
OnbehalfoftheBoardofDirectors
of CosmoSteel HoldingsLimited
anditssubsidiaries(“CosmoSteel”
or the “Group”), it gives me
great pleasure to present you
with our latest annual report,
for the financial year ended
30 September 2013.
The last six years since our
2007 listing on the SGX-ST
Mainboard have been notable
ones. Not long after our IPO,
the global financial crisis struck
without warning, resulting in
enormous ripple effects across
the world. This crisis imparted
valuable experience and also
DEAR VALUED
SHAREHOLDERS
AND STAKEHOLDERS,
tested our mettle as a company.
Throughout these challenging
years, theGroupremainedresilient
and has grown stronger, recording
stable results and significant
profitsaswell asdistributingyearly
dividends to our shareholders. In
2013, despite being faced with
tough economic and competitive
environments, we managed to
achieve a set of commendable
results.
message
f rom the ceo
THE RIGHT BALANCE COSMOSTEEL ANNUAL REPORT 2013 04