Profits were upgraded at laboratory giant’s annual general meeting. But one director faced a workload backlash.
The Australian Financial ReviewALS chief executive Raj Naran says inflation is a headwind and the company is pushing ahead with price increases of between 6 per cent and 10 per cent over the next two years.Mr Naran was speaking as Brisbane-based ALS, which tests samples of everything from gold to water in almost 65 countries, outlined a higher earnings forecast at its annual general meeting.
He said ALS, which has more than 17,000 staff, already had the technology and capability at its labs to meet this energy-metals demand. While investors mostly waved through resolutions, the re-election of director Siddhartha Kadia faced a hefty 33.2 per cent protest on votes delivered by proxy.
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