Australia's Pro-Pac Packaging surges on appointing turnaround specialist

Pro-Pac Packaging

01/04/2025 05:54

** Shares of Pro-Pac Packaging PPG.AX surge 30% to A$0.026, set for their best day in three months

** Packaging company appoints turnaround specialist David Hewish as chief transformation officer

** Says conducting strategic review of its businesses, implementing plans for improved profitability

** Almost 4 mln shares traded vs 30-day average of 118,800

** Despite the surge, PPG is still down ~26% YTD

 (Reporting by Adwitiya Srivastava in Bengaluru)

 ((Adwitiya.Srivastava@thomsonreuters.com))