Additionally, the Group recorded significant one-off costs related to restructuring initiatives as well as non-cash impairments leading to a loss after tax of $100.8m. The company attributed several factors to impacting these results including: customer de-stocking in key channels reduced revenues and associated cash receipts within the Australian operations, lower cash receipts and incumbent capital commitment outlays for the Clayton manufacturing facility, inability to maintain inventory at optimum levels, resulting out-of-stock issues in business units, decreased marketing and promotional activity, and more operational issues. Following the results release in February, Mr. Thinus Keeve was appointed Group CEO and Managing Director of BWX Limited, with Mr. Rory Gration departing with immediate effect who held the role for just one year.