Australia's Pental hits over 2-week low on weak FY results

Prestal Holdings

31/08/2023 04:12

** Shares of Pental Ltd  PTL.AX  rise as much as 2.7% to
A$0.360, their lowest level since Aug. 15
    ** Cleaning products maker posts FY profit attributable of
A$4.9 mln ($3.18 mln), a 23.2% fall from last year
    ** Co posts 1.85% fall in FY revenue from ordinary
activities 
    ** Says FY23 underlying EBIT of A$7.4 mln marginally short
of lower-end market guidance of A$7.5 mln 
    ** Co declares fully franked final dividend of 1.0
Australian cents per share
    ** Stock sees biggest intraday fall since Aug. 14
    ** Shares up 2.8% YTD as of last close 
   


($1 = 1.5404 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))