Pental Forecasts Soared Sales in FY20 Due to Increasing Product Demand

  • Apr 24, 2020 AEST
  • Team Kalkine

The Australian consumer powerhouse, Pental Limited (ASX:PTL) has intimated that the consumer demand for its White King disinfectant cleaning products, new Country Life anti-bacterial soaps, Pears soaps and battery products has been increasing.

Resultantly, PTL forecasts that its sales revenue will be up, relative to FY19. Subject to any adjustments arising from the audit process, the underlying EBIT (range to be between $6.3m and $6.8m) increase is expected to be somewhere between 25% to 35%.

PTL has faced challenges in sourcing packaging materials due to disruptions in global supply chains but remains confident that it will meet demand in the absence of no such disruptions or additional government mandated restrictions.

PTL is due to release its FY20 results in August 2020. The stock was up by 8.86% at 11.51 PM AEST and quoted $0.43.

 


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