An announcement from Pact Group Holdings Ltd. ( (AU:PGH) ) is now available.
Pact Group Holdings Ltd. has addressed a query from the Australian Securities Exchange concerning recent trading activity in its securities, stating it’s unaware of any undisclosed information that could have influenced the market. The company anticipates reporting a rise in revenues and underlying earnings for the half-year ending December 31, 2024, driven by increased sales volumes and cost savings from its Transformation Plan. However, it also noted a 10% increase in net debt due to ongoing capital investments. Additionally, Pact completed the sale of its subsidiary, Viscount Rotational Mouldings Pty Ltd, for $21.2 million, which will be reflected in its reported net profit after tax.
More about Pact Group Holdings Ltd.
Pact Group Holdings Ltd. is a company involved in manufacturing and providing packaging solutions across various industries. It focuses on delivering sustainable and innovative packaging products and services, catering to a broad range of market needs.
YTD Price Performance: 2.55%
Average Trading Volume: 453
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €168.5M
For detailed information about PGH stock, go to TipRanks’ Stock Analysis page.