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.

David Chau

Finance News Network
David joined FNN in April 2016. In addition to presenting the Market Outlook and latest business news stories, David interviews senior economists and CEOs of ASX-listed companies. Prior to working for FNN, David was a litigation lawyer.