Business
The Pact Group (ASX:PGH) share price is out of the box today
The Pact Group Holdings Ltd (ASX: PGH) share price is on the move up today after the company provided its half-year results.
With shares up 5.7% to $2.80 at the close of trade, it appears the packaging manufacturer’s results for the period ending 31 December 2020 have been well-received.
Profits well packaged by Pact
The standout result is Pact’s half-year net profit after tax (NPAT) of $49.9 million, up 43.5% from the previous corresponding period. This strong rise in profits was achieved despite revenue only growing by 1% to $894.4 million. Growth in the business’s reuse and crate pooling services contributed to higher margins.
Pact Group continues to work towards its Lead the Circular Economy strategy. During the half,…
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