Australia's Pental hits over 5-week high on upbeat FY22 outlook

Prestal Holdings

16/12/2021 02:17

** Shares of Pental Ltd  PTL.AX  rise as much as 3.75% to
A$0.415, highest since Nov 9  
    ** Personal care and home products maker says it expects
FY22 H1 underlying EBIT to be up 53% YoY to about A$6.5 mln
($4.65 mln)  urn:newsml:reuters.com:*:nASN002082
    ** Says expects FY22 1 net sales revenue to be up 3.9% to
about A$67 million compared to previous year 
    ** Co says it expects to see a FY22 EBIT to jump 20% to cira
A$9.8 mln compared of same period last year 
    ** PTL says upbeat outlook is driven by robust seasonal
sales from its e-commerce hamper and gifting arm Hampers with
Bite 
    ** As of last close, stock has dropped 11.1% this year

($1 = 1.3970 Australian dollars)

 (Reporting by Navya Mittal)
 ((Navya.Mittal@thomsonreuters.com;))