For the first time in four years Globe International (parent of Dwindle Distribution) has turned a profit. And, according to a story in The Australian, it is due to a “balanced approach.”
While in previous years Hill has issued bullish assessments of the outlook only to have them fail to materialise, he’s now playing it safe. He talks only of stabilising revenues and growing through market share expansion. . . “We have some positive signs in the business at the moment but markets are also erratic, so we’re being cautious both on the outlook and how we manage the business,” he tells The Australian.
Looks like the “back-to-basics” plan is working.
[Link: The Australian]
