Pental Ltd. (AU:PTL) has released an update.
Prestal Holdings Limited faced a challenging fiscal year ending June 2024, reporting an 18.56% decrease in revenue and a significant net loss of $1 million due to high inflation and increased freight costs. However, the sale of its Consumer Products business to DuluxGroup for $60 million resulted in special dividends and a capital return for shareholders. Despite these challenges, the company remains strong with a well-capitalized balance sheet, ready for the upcoming fiscal year.
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