The year 2009-10 was one of the most challenging encountered by our businesses. Project delays. Regulatory issues. Labour unrest. Reduced offtake. Increasing costs. Growing interest outflow. Declining margins. Postponed customer orders. However, we are now cautiously optimistic that the storm has passed and that the worst is over. We are well placed to rebound. Our confidence is based on strong fundamentals. Rich experience. Renewed vigour. Increased capacities. New business verticals. Superior products. Fitter organisation. Multi geographic presence. Organisational focus. From this point onwards, the gradient is upward, the direction forward.