Pact Group Profiled in Packaging News
Pact Group has been profiled in Packaging News today as it announced it had exceeded its Prospectus profit forecasts for the full year ending 30 June 2014, with statutory net profit after tax and before significant items of $59.7 million, 13.5% higher than the Prospectus forecast of $52.6 million.
Packaging News is an industry publication that provides news of company and market developments in the $8.7 billion Australian packaging industry, including coverage of trends shaping production and consumption of packaging, and technologies and products driving innovation within the sector.
The article highlights the major contributors to Pact Group’s improved performance:
– Lower than forecast post-IPO financing costs
– Lower than forecast swap termination costs associated with the pre-IPO USD denominated loan facility
– The tax benefit of $19.2m announced to the ASX on 7 August 2014.
To view article: Pact Exceeds its own Expectations, click here