Pental Ltd. (AU:PTL) has released an update.
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Pental Ltd. has successfully completed the sale of its Consumer Products division for $60 million, returning $52.9 million to shareholders through capital returns and special dividends. Despite a tough economic environment with high inflation and interest rate challenges impacting sales, which fell by 19%, the company saw a significant 169.8% increase in underlying net profit. Pental Ltd. is actively repositioning its HWB business and remains cautious in its outlook due to the current economic climate.
For further insights into AU:PTL stock, check out TipRanks’ Stock Analysis page.
