Financials

The Directors are pleased with company performance in the current year.

Profitability continues to increase and the financial liquidity of the company is strong. The main product sectors of the company continue to grow strongly.

There have been significant achievements in the current year which will contribute to the expanding profit potential of the company in the future:

• Award of new tenders and the attainment of current contracts for an extended period.
• Alignment of a new organisation structure which will contribute to the future growth of the company.
• Investment in new products and services.

BiP has seen significant growth in its revenue over recent years:

• 2003-04 18%
• 2004-05 12%
• 2005-06 6%
• 2006-07 26%
• 2007-08 24% (projected)

The Directors are confident of increased profitability in the year to 30 April 2009 and future years.