Pental Ltd. (AU:PTL) has released an update.
Prestal Holdings Limited, the parent of Hampers with Bite, has returned over $50 million to shareholders following the sale of its Consumer Products business, with significant dividends and capital returns. Despite an 18.6% decrease in sales due to economic challenges, the company saw a significant rise in net profit and reduced operating expenses by 12% from cost control measures. Key developments included a new e-commerce website and product ranges, aimed at strengthening the company’s market position and customer engagement.
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