Brief: Pro-Pac Packaging Says FY Net Loss Attributable A$25.9 Million

Pro-Pac Packaging

05/09/2022 23:59

Sept 6 (Reuters) - Pro-Pac Packaging Ltd  PPG.AX :
    * FY NET LOSS ATTRIBUTABLE A$25.9 MILLION
    * FY REVENUE FROM CONTINUING OPERATIONS UP 9% TO A$403.9
MILLION
    * REDUCING CORPORATE OVERHEADS AND FACTORY EFFICIENCIES TO
RESTORE
PROFITABILITY IN FY23
    * FOR FY23, WE EXPECT RESIN COSTS WILL CONTINUE TO STABILISE
ALBEIT AT RECORD HIGH LEVELS
    * EXPECTS THAT COST INCREASES ACROSS MOST SPEND CATEGORIES
WILL
CONTINUE AND, IN PARTICULAR ENERGY COSTS IN FY23

Source text for Eikon:  ID:nASX8Jst28 
Further company coverage:  PPG.AX