The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Allan Franklin - Canaccord Genuity - Analyst
: Good morning, Paul. Morning, Dimitri. I hope you're well. Thank you for your time. Perhaps just a question CopRice, please. Pleasing to see that
margin improvement coming through. Just hoping for a bit more detail to the drivers around that. And same business, different topic, just a bit
more detail around how the Pryde's business is performing, call it, a year and a bit into that acquisition. Thanks.
Question: Allan Franklin - Canaccord Genuity - Analyst
: Helpful. Thank you. And maybe just on Rice Food. Again, good to see some sort of margin improvement there. Just hoping for a bit more detail
around what those manufacturing efficiencies were. And then just second part of that question just in terms of further plans for export growth in
that business. How can we view that optionality into the medium term, please? Thanks.
Question: Allan Franklin - Canaccord Genuity - Analyst
: Helpful. Thank you.
Question: John Burgess - RaaS Research Group - Analyst
: Hi. Good morning. A couple of questions. I noticed through most of the divisional commentary that efficiencies in logistics and manufacturing is
pretty prevalent. So I guess my question is has that been an increased focus for you guys or just business as usual? And are there more efficiencies
that you see that you can extract from the various businesses?
Question: John Burgess - RaaS Research Group - Analyst
: And presumably, some of the Leeton upgrade is part of that efficiency program?
Question: John Burgess - RaaS Research Group - Analyst
: Thanks. I'm interested in your views on that Indian rice export ban being lifted. In theory, that should be a net positive for you, guys. But I'm just
interested in, I guess, is it? And then the timing of realizing some of the benefits that flow from those export bans being lifted?
Question: John Burgess - RaaS Research Group - Analyst
: Okay. Thanks. And just a final one. You mentioned the Agribusiness Index. Have you seen increased investor interest after being included in that
index?
Question: John Burgess - RaaS Research Group - Analyst
: Okay. Great. Thanks for your time, guys.
Question: Finola Burke - RaaS Research Group - Analyst
: Thank you. Good morning and congratulations on the great result, Paul and Dimitri and team. A couple of questions from me. You've reduced debt
to almost three-year lows. And it's now pretty much seasonal debt relating to working capital needs. With the balance sheet in such good shape,
are you tempted to look more at acquisitions as they present or are you more focused on capital management initiative?
Question: Finola Burke - RaaS Research Group - Analyst
: And just to follow on from that capital management. I mean, obviously, the company last year raised the dividend -- the final dividend quite
substantially. Is that something that you're also looking to as well?
Question: Finola Burke - RaaS Research Group - Analyst
: And just on the tax rate, it ticked up to 28%. Can we expect to stay at these levels? And how much of that rate has been impacted by the mix in
International business?
Question: Finola Burke - RaaS Research Group - Analyst
: I guess finally from me, we've seen some significant volatility in the AU dollar against the US. What impact is that going to have on SunRice in
return?
Question: Finola Burke - RaaS Research Group - Analyst
: Okay. Thank you.
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