Pact FY profit beats forecast

By Maggie Lu Yueyang

Pact Group has exceeded its full-year net profit expectations ending the period 13. 5 per cent higher than forecast in its IPO prospectus.

Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website.

The plastic packaging manufacturer also expected to see revenue growth consistent with GDP in its international division and benign in Australia in the coming year, with margins to be broadly in line with FY14.

Net profit after tax, before significant items, was $59. 7 million in the year ending June 30, higher than the prospectus forecast of $52. 6m.

Earlier this month, the company flagged a favourable tax impact of $18m to $20m in fiscal 2014 after resetting the tax base of some of its assets.

Read more here: Business Spectator

    

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