Response to ASX Query

Open PDF
Stock Pact Group Holdings Ltd (PGH.ASX)
Release Time 7 Feb 2025, 9:41 a.m.
Price Sensitive Yes
 Pact Group Holdings Ltd responds to ASX price query
Key Points
  • No information that could explain recent trading in securities
  • Half-year results expected to show 3.5% revenue increase and 74.1% underlying NPAT increase
  • Completed sale of Viscount Rotational Mouldings Pty Ltd for $21.2 million
Full Summary

Pact Group Holdings Ltd (PGH) has responded to an ASX price query regarding the recent change in the price of its securities. PGH confirmed that it is not aware of any information concerning the company that has not been announced to the market and that could explain the recent trading in its securities. PGH stated that it is currently scheduled to release its half-year results on 28 February 2025, and it is anticipated that the results will show a 3.5% increase in revenue, a 4.6% increase in underlying EBITDA, an 11.8% increase in underlying EBIT, and a 74.1% increase in underlying NPAT compared to the prior corresponding period. The company also noted that it completed the sale of 100% of its wholly owned subsidiary Viscount Rotational Mouldings Pty Ltd to CRH Infrastructure Products Australia Pty Ltd on 31 December 2024, with a net cash consideration of $21.2 million and a gain on sale before tax of $12.8 million. PGH confirmed that it is complying with the ASX Listing Rules, particularly Listing Rule 3.1, and that the responses in the letter have been authorised and approved by the Disclosure Committee in accordance with the company's Continuous Disclosure Policy.

Guidance

PGH expects its half-year results for the 6 month period ending 31 December 2024 to show a 3.5% increase in revenue, a 4.6% increase in underlying EBITDA, an 11.8% increase in underlying EBIT, and a 74.1% increase in underlying NPAT compared to the prior corresponding period.