Stock updates: Pental, Tox and CTI Logistics

We review our recommendations for the three companies following their half-year results.

The fast-moving consumer goods (FMCG) market remains highly competitive in Australia and New Zealand, and Pental is having to increase capital expenditure as it attempts to improve efficiency and grow earnings on relatively weak sales growth.

During the first half of this financial year domestic sales in the Australian market grew 2 per cent, with Pental brands overall maintaining their market positions and steady growth coming from private label.

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