Pact Group Holdings Ltd. ( (AU:PGH) ) has shared an announcement.
Pact Group Holdings Ltd reported a 3.5% increase in revenue from continuing operations for the first half of FY25, driven by growth in the Materials Handling & Pooling segment. Despite a significant drop in reported net profit after tax due to the absence of the Crates Business, the company saw an 11.8% rise in underlying EBIT from continuing operations, reflecting improved revenue performance and cost savings from its Transformation Plan. The sale of Viscount Rotational Mouldings Pty Ltd contributed $21.2 million in net cash, although the business was not a major line for the group. The company faces challenges with resin supply and pricing due to the closure of Qenos in Australia, impacting the supply chain.
More about Pact Group Holdings Ltd.
Pact Group Holdings Ltd is a company operating in the packaging and sustainability industry, focusing on materials handling, pooling, and contract manufacturing. The company is committed to leading the circular economy with investments in packaging platforms and sustainable practices.
YTD Price Performance: 48.94%
Average Trading Volume: 83
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €244.5M
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