Gross profit increased by 23,7 % Net debt increased 36,2%. Net finance expenses increase from 966 000 to 1 588 000 - 64%.
"Net debt increased by $7.6m during theperiod to fund additional inventories andfinance expenses. 28,6 mln debt at the moment. Net finance expenses were unfavourablyimpacted by higher working capital debtfacility utilisation for the period driven byincreased working capital employed ininventories due to the high codeine patentlitigation-1,6 mln." Gross profit increases at slower pace compared with all the expenses and debt payments.
IMO share price reflects all given above.
PAL Price at posting:
$1.16 Sentiment: Hold Disclosure: Held