Orora’s net profit soars 28.3%

Company News

by David Chau

Packaging company, the Orora Group Ltd (ASX:ORA) has announced its financial results for FY16.

The company says its net profit after tax was $168.6 million, up 28.3% compared to the same period last year.

As for its earnings per share, Orora says it was 14.1 cents, which is up 29.4% over the last year.

Orora’s earnings before interest and tax was up 24.6% to $280.5 million, and the company has declared a final ordinary dividend of 5 cents per share, 30% franked.

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