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(extracted from Annual Report 2007)

 
 
Koh Soo Keong
Chairman

  Dear Shareholders,

Though a relatively young company, AusGroup has succeeded in building up its track record and order book to a healthy level. We have also made the strategic acquisition of Cactus Engineering which will increase our capabilities and service offerings and expand our customer base, thereby positioning the company well for future growth and expansion.

Certainly, our achievements and excellent growth in the past year would not have been possible without the hard work and commitment of our dedicated management and staff led by Mr. Stuart Kenny. My fellow board members and I would therefore like to thank the management and staff for their hard work, commitment and contributions to AusGroup.

We would also like to thank all our shareholders and partners for their support and their faith in the company.

The current strong demand from the oil and gas sector bodes well for the future of AusGroup. As we enter a new financial year, we look forward to the continued contributions from our dedicated staff, management, the Board members and support from our business partners and shareholders.

On behalf of the board and management, I would like to take this opportunity to thank David and Eng Hoe, who retired during the year, for their support and contribution. I wish them good health and happiness.
Thank you.

Koh Soo Keong
Chairman
 
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