FY19 was a year of transition to a new business model for WATA focusing on two products palm oil and milk. Reduction in turnover and profits during the year are attributable to the segregation of the tea business at the end of 2QFY18. GP and EBIT margins expanded from 25% to 37% and from 24% to 34% (YoY) respectively for the Group during FY19. Dairy segment which commenced business from 4QFY18 posted revenues of Rs.493Mn during FY19. We currently project WATA’s full year FY20E earnings to reac...
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