Brief: Pro-Pac Packaging Says Trading Environment Remains Challenging In A High Inflationary Market

Pro-Pac Packaging

23/08/2023 02:27

Aug 23 (Reuters) - Pro-Pac Packaging Ltd  PPG.AX :
    * TRADING ENVIRONMENT REMAINS CHALLENGING IN A HIGH
INFLATIONARY
MARKET
    * WILL MAINTAIN A STRONG FOCUS ON REDUCING COSTS
    * FLEXIBLES BUSINESS HAS SECURED ARNOTTS CONTRACT FOR THEIR
FLEXIBLE PACKAGING REQUIREMENTS, WHICH WILL BENEFIT FY24.
    * EXPECT OUR INCREASED PROFITABILITY TO CONTINUE INTO NEW
FINANCIAL YEAR
    * SEES IMPROVED POSITIVE PRE-AASB 16 EBITDA FOR FY24.
    * SERVICE DELIVERY HAS IMPROVED IN YEAR, WHICH IS EXPECTED
TO
ALLOW FOR BUSINESS DEVELOPMENT OPPORTUNITIES IN FY24

Source text for Eikon:  ID:nASX5FxgVZ 
Further company coverage:  PPG.AX 

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