PPG is hitting critical mass which is now showing through on top line growth with the usual lag of bottom line growth which will show up on the FY result.
Full year sales look like being $170m+ and EBITDA of $16m+ and this is based on minimal debt (less than 10%) so they have not geared up in obtaining this critical mass.
Management have done this the right way by putting infrastructure in place at the expense of initial profit growth so that growth doesn't get out of control like is often seen with young fast growing companies.
I am the managing director of a young fast growing company so I speak from experience.
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PPG is hitting critical mass which is now showing through on top...
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