$4.38m turnover Green tracker for water bottler
MANUFACTURER of exotic palm furniture Pacific Green Industries (PGI) this week reported a turnover of $4.38million for the year ended December 31, 2023 and gross profit margin of 45 per cent.
This, it said in its filings at the South Pacific Stock Exchange (SPX), was achieved amid rising business costs attributed especially to the impact that VAT increase had on raw materials which put a strain on profit margin.
“Additionally, a persistent labour shortage has led to an increase in labour costs. We have also faced rising global prices for materials and freight, adding to the upward cost pressures.”
Despite the obstacles, PGI’s made a net profit of $400,000.
As of December 31, 2023, PGI employed 114 people of which more than 60 per cent were women.
“This diversification (of labour force) has allowed us to embrace new perspectives and approaches, with women excelling in roles and duties traditionally dominated by men.
“This change not only highlights our commitment to gender equality but also showcases the invaluable contributions of our female employees in driving Pacific Green forward and providing much needed stability in our workforce.”
PGI was trading at $1.08 a share this week.
PLEASS Global Ltd, bottler of Aquasafe and Vaiwai artesian water, has joined the Australian Beverages Council Ltd’s ESR 30 programme.
“This program will assist in our management and reporting of important environmental and sustainability initiatives,” the company announced at the South Pacific Stock Exchange (SPX).
The Environmental Sustainability Roadmap to 2030 (ESR30) is a new initiative developed by the ABCL to assist members of all sizes measure their environmental impact, enact sustainable changes and communicate these wins to consumers and customers.
“This programme will allow Pleass Global to measure and report our impacts and results in a very meaningful manner and drive our business toward achieving the targets.”
ESR30, it added, is centred around the five sustainability focus areas most essential to beverages: emissions, packaging, water, waste and supply chain.
“Each focus area has interim and stretch targets that participants can work towards within their business’s operations.”
Pleass Global is listed as PBP on SPX and was trading at $6.90 a share.
This program will assist in our management and reporting of important...
– Pleass Global Ltd