MENU

Investors just sent Pact Group Holdings Ltd to the dog house

Credit: triforce_goddess64

Industrial packaging business Pact Group Holdings Ltd (ASX: PGH) is the worst performer on the S&P/ ASX 200 (ASX: XJO) today by a country mile after the group flagged higher input costs took a $13 million chunk out of reported EBITDA in FY 2018.

The group also flagged one-off costs of $23 million over the period related to, inter alia, acquisition payments and restructuring costs.

Pact Group shareholders should look away now.

Source: Google Finance

Overall statutory profit came in 18% lower at $74 million, with adjusted net profit (before significant items) down 5% to $95 million.

It’s not all bad news for investors though as Pact did maintain total dividends at 23 cents per share and forecast EBITDA (before significant items) to grow to between $270 million to $280 million in FY 2019.

OUR #1 dividend pick to grow your wealth now is revealed for FREE here!

You might not know this market leader's name, but it's rapidly expanding into a highly profitable niche market here in Australia. Even better, the shares boast a strong, fully franked dividend that should balloon in the years to come. In other words, we're looking at the holy grail of incredible long-term growth potential AND income you can watch accruing in your account in real time!

Simply click here to grab your FREE copy of this up-to-the-minute research report on our #1 dividend share recommendation now.

Motley Fool contributor Tom Richardson has no position in any of the stocks mentioned.

You can find Tom on Twitter @tommyr345

The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!