Bloomberg report:
the company said in August. CHEP Europe's profit will be ``stable'' in the coming year, Chief Financial Officer David Turner said told reporters in Sydney on Aug. 28.
the company now says that 4 month into the current period (bearing in mind that as per above, after two months earning were "stable") CHEP's European EBITDA are down 33%.
One can conclude:
a) the CFO had/has no idea as should be sacked
b) the CFO told a blatant lie as to BIL permonance and should be sacked/prosecuted
c) if CHEP were indeed "stable" for the first two months, then for the second two months they are down 66% - still sack the CFO
what a joke!!
BIL
brambles industries limited