Feb 18, 2020 / 11:00PM GMT
Sanjay Dayal - Pact Group Holdings Ltd - MD, Group CEO & Director
Good morning, everyone, and welcome to Pact Group's 2020 Half Yearly Results Briefing. I'm Sanjay Dayal, the Chief Executive Officer of Pact Group. I'm joined today by Richard Betts, our Chief Financial Officer.
Today, I'll provide you with an overview of our half yearly results before handing to Richard to take you through the financials. I will then return to talk to you about our new company vision and strategy. We'll be pleased to take questions at the close of the presentation.
Turning to Slide 4 and an overview of our half year. At a headline level, the group reported a statutory net profit after tax of $35 million. This includes a gain from significant items after tax of $2 million. EBITDA, excluding AASB 16 impact, was up 2% at $113 million. The Board determined not to pay an interim dividend, with cash to be retained to fund strategic initiatives and reduce debt.
Our Australian packaging business had a difficult period from a demand perspective in the half year. We have been focusing on the
Half Year 2020 Pact Group Holdings Ltd Earnings Call Transcript
Feb 19, 2020
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