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Pacific Lime and Cement Limited ( (AU:PLA) ) just unveiled an update.
Pacific Lime and Cement Limited announced a revision of its half-year financial statements for the period ending 31 December 2024, due to an overstatement of the debt obligation component of the ACAM Convertible Note Facility. The restatement does not affect the company’s net cash flows from operations, investments, or financing activities, indicating a limited impact on its financial health. This adjustment reflects the company’s commitment to accurate financial reporting and could reassure stakeholders about its transparency and governance practices.
More about Pacific Lime and Cement Limited
Pacific Lime and Cement Limited is focused on developing and operating building materials projects, notably the Central Cement and Lime Project in Papua New Guinea. The company has a diversified asset portfolio that includes iron and industrial sands, lime, cement, nature-based forestry carbon credits, battery minerals, and renewable power generation. PLA aims to support decarbonisation efforts in Papua New Guinea and the broader Asia Pacific region by providing low-carbon inputs for various sectors and is committed to engaging with host communities and adhering to ESG standards.
Average Trading Volume: 240,433
Technical Sentiment Signal: Sell
Current Market Cap: A$205M
Learn more about PLA stock on TipRanks’ Stock Analysis page.