work patrick corporation limited 2003 annual report abn 65 008 660 124 in pro when you grow at the pace that has grown over past few years challenges are constantly present we continu0usly searching for innovative ways to reduce costs and improve service our customers no sooner do redesign one area of operation than re busy on another a relentless pursuit greater efficiencies like think it as progress gress chairman s earned profit after income tax year ended 30 september 152 3 million this was 48 7 increase prior detailed financial statements enclosed balance sheet been further strengthened since date with issue convertible reset adjusting notes cranes which will provide company increased flexibility both interesting demanding range quality businesses operating growth markets nearly all being managed through substantial change is fortunate have managing director management team