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Prestal Holdings Reports Revenue Decline and Reduced Losses for Half-Year 2024

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Prestal Holdings Reports Revenue Decline and Reduced Losses for Half-Year 2024

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Pental Ltd. ( (AU:PTL) ) has provided an announcement.

Prestal Holdings Limited reported a significant decrease in revenue from continuing operations by 27.6% to $12,135,000 for the half-year ending December 31, 2024. Despite the revenue drop, the company saw a substantial reduction in its loss after tax from continuing operations, which decreased by 82.3% to $3,526,000. However, the loss after tax from discontinued operations increased by 101.9% to $362,000. Overall, the net loss for the period decreased by 276.4% to $3,888,000. The company declared a special dividend of 7.00¢ per security, fully franked, with a record date of July 15, 2024, and a payment date of July 22, 2024. The net tangible assets per ordinary security fell from 37.93¢ to 6.38¢.

More about Pental Ltd.

YTD Price Performance: 7.50%

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: €8.62M

Learn more about PTL stock on TipRanks’ Stock Analysis page.

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