Pro-Pac Packaging Limited (AU:PPG) has released an update.
Pro-Pac Packaging Limited reported a challenging quarter with a revenue decline to $68.7 million due to subdued customer volumes and negative impacts from the Middle East war on export sales. The company is progressing with a soft plastic film recycling plant, supported by a $4.9 million government grant, and has cash and unused facilities totaling $14 million. Despite the headwinds, the company continues to invest in its operations, including payments for essential equipment and capital expenditures.
For further insights into AU:PPG stock, check out TipRanks’ Stock Analysis page.