Dear Shareholders,
Message from the Chairman
20
Raigam Wayamba Salterns PLC ANNUAL REPORT 2018 - 2019
It is with great pleasure that I welcome you to the 14th Annual General Meeting of Raigam Wayamba Salterns PLC and present you with the annual report of your company together with audited financial statements for the financial year 2018/2019. The company faced a few short-term challenges during the year under review especially with respect to maintaining the upward revenue trend that was sustained over the last few years. The environment conditions were good, yielding a bumper harvest but this also meant that there was a market saturation given the inelastic demand for the commodity with many players flooding the market resulting in a downtrend in pricing that ultimately affected bottom lines. Despite the negative market dynamics
