Thus far I've only read the summary (separate thread).Dividend...

Thus far I've only read the summary (separate thread).

Dividend is down by almost a quarter but despite the flagged difficult market conditions for subsidiary HwB, PTL is still recording NPAT, so better than I'd expected.

'Owned brands' showed revenue growth of almost 17 per cent so that indicates PTL's claim is correct that it recovered some or almost all input cost rises.

NZ performance was poor but the economy there under Kiwi Labour has apparently been disastrous.

Gearing has marginally risen from five to seven per cent. Not a worry unless it suddenly shoots up to many times seven per cent.

Given some leaked sales figures from COL recently showed purchases overall by shoppers of cleaning products (all brands, not just PTL) had dropped >30 per cent), this is a satisfactory (though not ideal) result from PTL.