I work in the packaging industry and must say the impact of both a currency drop (see what occurred last year) and the COVID-19 pandemic has been enormous.
Everyone is flat out just keeping up, let alone looking at what is going to happen in the next few months.
I do suspect that a lot of PACT's business would be showing signs of an uptick, but on the other hand if they have not moved quick enough to lift prices with the drop in currency and some food service parts of the business softening may soften some of the uptick.
In general i suspect that they will perform only slightly better than they had projected.
Ann: Appointment of Non-Executive Director, page-7
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