Pact Group reports H1 loss

Pact Group expects second-half earnings will be boosted by consolidating four acquisitions and continuing efficiency programs, after posting a net loss in the first half of the year on the back of IPO transaction costs.

Pact Group Holdings (PGH) expects second-half earnings will be boosted by the consolidation of four acquisitions and by its continued efficiency programs, after posting a net loss in the first half of the year on the back of IPO transaction costs.

The plastic and metal packaging maker reported a net loss of $1.99 million in the six months to December 2013, compared with a net profit of $45.63 million in the six months to December 2012.

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