Health and Plant Protein Group Limited (AU:HPP) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Health and Plant Protein Group Limited reported a closing cash balance of $1.9 million for Q3, a decrease from the previous quarter, amid ongoing US tax settlement processes for the sale of its macadamia division. The company has been actively returning value to shareholders through buy-back schemes, including an off-market share buy-back for up to 7,142,857 shares, with $153,000 paid out during the quarter. Despite operational cash outflows, HPP is exploring opportunities to enhance shareholder value under a reduced cost base with potential acquisitions or strategic partnerships.
For further insights into AU:HPP stock, check out TipRanks’ Stock Analysis page.
