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Half Year 2020 Dialight PLC Earnings Call Transcript
Good morning. My name is David Blood, and I'm the Chairman of Dialight. Welcome to the 2020 first half results presentation. I'd like to start by thanking all the employees of Dialight for their tremendous effort over the course of this first half, particularly in light of the coronavirus. I would also like to remind everyone that it's nearly a year that we appointed Fariyal as the Chief Executive Officer, talk about a baptism of fire. Over the course of the last 12 months, Fariyal and indeed the entire leadership team have done a tremendous job of bringing this company to a much stronger footing. Thank you, Fariyal.
As you would expect, over the course of the last 4, 5 months, the Board has focused on conserving cash, increasing liquidity and driving costs down to the best of our ability. You should expect that we will continue to do so.
Fariyal will talk about the results here in a minute, but I'd like to make 4 points. First, as we said, we have worked very hard at driving inventory down and are pleased to say that we have reduced inventory by
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