Amcor profit rises, revenue falls in line with expectations | Finance News Network

Amcor profit rises, revenue falls in line with expectations

Company News

by Jessica Amir

Multinational packaging company Amcor (ASX:AMC) reported its profit after tax (PAT) rose about 4 per cent in the six months to 31 December 2017 to US$330 million with its financial report card being in line with expectations.

Its revenue marginally fell over the half year by 1.7 per cent to US$4.5 billion (in constantly currency terms).

Its earnings per share firmed about 4 per cent higher to 28.5 US cents (in constantly currency terms).

The company declared an interim dividend of 21 US cents per share payable on 28 March 2018, a rise of almost 8 per cent.

Shares in Amcor (ASX:AMC) closed over 3 per cent lower on Friday at $14.30
 

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She was a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked as a financial planner and real estate agent.