Pental Limited Onboards New Managing Director, Stock in Green Zone

  • Apr 07, 2020 AEST
  • Team Kalkine
Pental Limited Onboards New Managing Director, Stock in Green Zone

Built around a reputation of delivering quality, innovation and sustainability to the satisfaction of customer needs, Australia and New Zealand’s consumer powerhouse Pental Limited (ASX:PTL) aims to be a leading supplier of shelf stable products. PTL is a manufacturer and distributor of a range of home care and personal care products that have been trusted by families for generations.

On 6 April 2020, PTL was amongst the hot stocks on the ASX as it zoomed by 8.642% and settled at $ 0.44, after the Company released a significant announcement about a management and Board improvisation.

PTL Appoints Current CEO as MD

On 6 April 2020, PTL notified that it has appointed its current Chief Executive Officer Mr. Charlie McLeish as the Company’s new Managing Director. Despite this change, Mr McLeish’s employment terms and conditions, including remuneration, have not changed.

Pleased with the new appointment, Chairman Mark Hardgrave’s expressed the Board’s delight and said that the Company is in safe hands as the appointment reflects Mr McLeish’s outstanding leadership in a time of global turmoil. Mr Hardgrave is also a relatively new appointment and replaced Peter Robinson in November 2019.

 

 

Acquainting With PTL’s New MD- Charlie McLeish

Mr McLeish was appointed as General Manager of Pental in May 2011. On 1 January 2014, he became the Chief Executive Officer (CEO). He is believed to have led the Company through challenging circumstances and market conditions, including the ongoing COVID 19 pandemic.

He has a broad experience with proven turnaround capabilities in the fields of sales, marketing, manufacturing and logistics.

In the AGM address last year, Mr McLeish and his team were acknowledged and appreciated for delivering fantastic 2019 results for Pental. FY19 witnessed aggressive competition and price cutting in Australia’s consumer goods market. However bleak the situation, PTL continued investing in marketing, expanded its distribution business, doubled down on its brand consolidation strategy and deployed price matching initiatives in key categories and segments to register sales growth in branded bleach, cleaners and firelighters.

Prior to PTL, Mr McLeish spent more than three decades in the Fast-Moving Consumer Goods (FMCG) industry, which included two decades in managing key bakeries within Bunge Australia (Goodman Fielder) focusing on Business Turnaround. Post this, he spent 15 years at George Weston Foods serving as General Manager of Tip Top Bakeries Victoria. In this role, he implemented the business turnaround from negative EBIT worth $ 6 million to positive EBIT of $ 12 million, in merely eight years.

He then went on to become the National Sales Director of Don Smallgoods.  

ALSO READ- Meet the Team Driving Popularity of Pental Limited’s Iconic Brands

Some Pental Facts

PTL is active in developing new products to grow market share and building strong, ongoing relationships with our customers and suppliers. Let us cast an eye over a few facts-

  • Pental products are efficient, and quality tested to help families live better.
  • The iconic brand portfolio is made up of Velvet, Martha's, Huggie, Natural Selections, White King, Janola, Duracell, Sunlight, Softly, Country Life, Pears, LUX, Little Lucifer and Jiffy.
  • PTL has a Contract Manufacturing division that produces to company specifications for private label or store brands.
  • The manufacturing facility is located in Shepparton, north of Melbourne which can operate continuously.
  • The Company has been supplying the hotel industry for over two decades and currently manufactures customised Hotel Soap for a variety of hotels, motels and resort chains.
  • PTL’s services include marketing & sales, warehousing & logistics and financial administration.
  • It was listed on the ASX in August 2000.

 

GOOD READ- Why Pental Limited’s Performance is Positive in a Competitive Market Through 2019

Pental’s HY20 Highlights

PTL released its stable interim performance for HY20 (the half year ended 29 December 2019). Its performance was bolstered by positive Australian and New Zealand sales figures despite a tough retail environment in Australia.

Net Sales Revenue was up by 15.1% and amounted to $ 55.2 million relative to the prior corresponding period (pcp), majorly catalysed by distribution agreements. The EBIT was $ 2.2 million, up by 6.2% on pcp whereas NPAT was registered at $ 1.4 million, up by 2.6% on pcp.

The Company’s EPS was 1.08 cents, and it also declared an interim fully franked dividend of 0.70 cps which was paid to shareholders on 25 March 2020.

For more details on the HY20 performance, PLEASE READ- Pental’s Robust HY20 Results- Increased Sales, Strong Exports, Retail Expansions!

PTL closed at $0.400 on 7 April 2020.


Disclaimer
This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is sponsored but NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. We are neither licensed nor qualified to provide investment advice through this platform.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK