Feb 27, 2020 / 03:00AM GMT
Operator
Thank you for standing by, and welcome to the Midway Limited HY Results Conference Call. (Operator Instructions)
I would now like to hand the conference over to Mr. Tony Price, Managing Director and CEO. Please go ahead.
Anthony R. Price - Midway Limited - MD, CEO & Executive Director
Thank you, and thank you, everyone, for joining our FY '20 half year profit results. You'll all have read the ASX announcement this morning, so I'll just focus on touching on key points.
As you'd appreciate -- or as you'll all appreciate, the numbers are very disappointing given we achieved a record profit in the same period last year. The reality, however, is that the last 6 months of 2019 were probably the worst global trading conditions we've had to deal with for the last 10 years. The U.S.-China trade war, overproduction of pulp in Brazil resulted in excess stock globally and had a significant effect on the market pulp price, dropping from about USD 760 a tonne down to USD 450, which has had flow-on effects to the woodchip demand and price. As a result,
Half Year 2020 Midway Ltd Earnings Call Transcript
Feb 27, 2020
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers