Pact Group Holdings Ltd. (AU:PGH) has released an update.
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Pact Group Holdings Ltd reports a slight decrease in revenue but an increase in underlying EBITDA and EBIT for the first 10 months of FY24, reflecting successful cost-saving measures and operational adjustments despite divesting 50% of their Crates Business. The company is also proactively addressing challenges from a key supplier’s administration by seeking overseas alternatives. Despite not meeting the initially targeted Gearing ratio, Pact remains on course to hit its consensus target for Reported Underlying EBIT for the full year.
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