As I reflect on the past year, I am still reminded of the devastation caused by the COVID -19 pandemic, the dire consequences for a country that was already facing many challenges with weak economic fundamentals before the onslaught of the crisis. I am equally proud of the resilience our business showed in the face of that severe hardship and our ability to adapt to operating within a COVID-19 context. It was against that backdrop that we started the 2022 financial year optimistic and encouraged to build on those gains, with the aim of restoring our performance to pre-pandemic level.

Whilst we continue to operate in an environment riddled with external shocks on a global scale, I believe the resilience of a business lies in its ability to not only traverse adverse conditions, but to adapt and succeed. I am confident in FTU-CTCL’s ability to continue adapting to the changing markets and competitors, as