Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Pro-Pac Packaging Limited ( (AU:PPG) ) just unveiled an update.
Pro-Pac Packaging Limited reported a revenue increase to $73.1 million for the quarter ending December 2024, reflecting a $4.3 million growth from the previous quarter. Despite the revenue growth, the company faced operational cash outflows of $6 million and secured additional financing through a new $5 million Asset Finance Facility with ScotPac and a $13 million short-term facility with major shareholder Bennamon Pty Ltd. This financial maneuvering aims to support the company’s strategic review and funding exploration efforts, following the appointment of Ian Shannon as the new CEO and the retirement of director Rupert Harrington.
More about Pro-Pac Packaging Limited
Pro-Pac Packaging Limited operates in the packaging industry, focusing on flexible and specialty packaging products. The company primarily serves markets across Australia and New Zealand, leveraging its extensive range of packaging solutions.
YTD Price Performance: -20.0%
Average Trading Volume: 653,406
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$4.36M
Learn more about PPG stock on TipRanks’ Stock Analysis page.
