Pact Group Holdings Ltd (ASX:PGH) Responds to ASX Price Query
Financial Performance
Pact Group Holdings Ltd (PGH) reported a 3.5% increase in revenue and a 4.6% rise in Underlying EBITDA for the first half of FY25 compared to the same period in FY24. Underlying EBIT grew by 11.8%, and Underlying NPAT surged by 74.1%. However, Total Group Net Debt increased by 10%.
Divestments
On 31 December 2024, PGH completed the sale of Viscount Rotational Mouldings Pty Ltd for $21.2 million, realizing a pre-tax gain of $12.8 million. The company is considering potential divestments and acquisitions, though it is not currently engaged in discussions for any material transactions.
Upcoming Earnings Release
PGH is scheduled to release its half-year results on 28 February 2025, subject to further review and Board approval.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.