Brief: Pro-Pac Packaging Expects FY22 Underlying Pretax Profit Of About A$5 Mln

Pro-Pac Packaging

12/05/2022 23:44

May 13 (Reuters) - Pro-Pac Packaging Ltd  PPG.AX :
    * TRADING UPDATE
    * APRIL ACTUAL RESULTS WERE BELOW EXPECTATIONS
    * EXPECTS ITS FY22 UNDERLYING PBT RESULT TO BE A$5.0 MILLION
    * PRODUCTION CAPACITY CONTINUES TO BE RESTRICTED BY
SHORTAGES OF
LABOUR, IMPACTS OF COVID-19
    * EXPECT BELOW EXPECTATIONS PERFORMANCE TO CONTINUE INTO MAY
AND
JUNE
    * RAW MATERIAL SUPPLY CONSTRAINED DUE TO GLOBAL SEA FREIGHT
RESTRICTIONS, UNRELIABILITY FROM BOTTLENECKS IN ASIA, EUROPE

Source text for Eikon:  ID:nASX8qkDhy 
Further company coverage:  PPG.AX 

 ((Reuters.Briefs@thomsonreuters.com;))