Pro-Pac Packaging (ASX:PPG) expresses that the current trading environment continues to be challenging amid a high-inflation market.

The company conveys its unwavering commitment to cost reduction strategies and schemes.

Excitingly, Pro-Pac Packaging (ASX:PPG) has successfully secured a contract with Arnotts for their flexible packaging needs, which is foreseen to procure benefits in FY24.

Forecasting into the new fiscal year, the company expects the growth of their profitability to continue.

Looking ahead, they predict an improved and positive pre-AASB 16 EBITDA for FY24.

The improvement in the company’s service delivery during the year is anticipated to create opportunities for business development in FY24.

Pro-Pac Packaging (ASX:PPG) is a global company in the supply of both packaging distribution and manufacturing solutions.