• Pro-Pac: Strategic review underway
    Pro-Pac: Strategic review underway
Close×

Revenue for the three months to 30 June for Pro-Pac was up by five per cent over the previous quarter, with the company saying it is returning to more stable operating levels.

Flexibles brought in $63.1m and Industrials $16.8m in the quarter, with the company attributing the $4m increase over the Q3 total of $75.9m to “favourable trading conditions".

Cash flow from operating activities for the third quarter represented an inflow of $13.1m, compared with a cash outflow of $600,000 for the March quarter.

Pro-Pac received a $6.1m government grant, and as at 30 June had $8.3m cash in hand, which included the $6.1m, as well as unused debt facilities of $18.8m. It has used $20.2m of its $39m debt facility, which is provided by ScotPac and ANZ Bank.

The grant came through the government’s Modern Manufacturing Initiative, and is to help Pro-Pac establish its soft plastics recycling plant.

Food & Drink Business

Woolworths has confirmed the return of in-store soft plastics collection points across more than 700 supermarkets nationally, with South Australia the latest state to join the renewed recycling scheme this week.

For many growing businesses, passion and purpose are what spark success in the early years. But as a company expands, instinct alone is no longer enough. Sustainable growth requires a clear strategy, a deep understanding of customers, and the ability to adapt as markets evolve. Gewürzhaus co-founder and managing director, Maria Konecsny shares insights from establishing a specialty herb and spice business that has expanded across Australia.

FOODiQ Global has completed a 28-year analysis of Australian non-alcoholic drink sales, revealing a strong swing towards water and low- and no-sugar carbonated drinks for consumer choices in the beverage aisle. The study was commissioned by the Australian Beverages Council.