Prestal Holdings Reports 27.6% Sales Decline Amid Challenging Market Conditions
Prestal Holdings Limited reported a 27.6% decline in FY2025 Half Year sales, totaling $12.1 million, due to high interest rates and rising living costs. The company is implementing strategic changes, including cost reductions and office consolidation, following a review in FY2024. Statutory results are anticipated in late February 2025 after audit adjustments. Current market cap stands at €8.74M with a consensus rating of Strong Buy for Pental Ltd. (AU:PTL).
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