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Pro-Pac Packaging Reveals Cash Flow Challenges Amid Strategic Funding Plans
3:13pm on Monday 10th of February, 2025 AEDT
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Packaging
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Pro-Pac Packaging Reveals Cash Flow Challenges Amid Strategic Funding Plans
3:13pm on Monday 10th of February, 2025 AEDT
Key Points
Net cash used in operating activities of $6 million for the quarter
Cash and equivalents at quarter end stood at $629,000
Available funding facilities total $8.7 million, covering 1.44 quarters of operations
Company pursuing margin enhancement initiatives including headcount reduction and price increases
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Pro-Pac Packaging (ASX:PPG)
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