The recession that began at the end of last year continued through most of 2019. Our Raitaru has been the only active capsuleer owned factory in Sobaseki until recently. There are some signs that economic conditions may be improving, but sustained recovery is not yet certain.
Whilst the corporation is still profitable, our growth has been at a much reduced level.
The price of PLEX was high in summer, reducing net profit.
We had one nuisance War Dec that did not affect us significantly due to robust contingency planning.
Headline figures (2018 in brackets):
Year on Year Net Growth 8% (47%)
Before PLEX Profit 20% (109%)
End year Corporation book value 304 (274) Billion ISK
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