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 is a senior finance journalist and presents the Market Outlook, Market at Midday and Market Wrap. She also presents ASX company news and interviews CEOs. She joined FNN in January 2017 with six years of broadcast journalism experience. She worked as a journalist and producer with Sky News Business, ABC 1, ABC's The Business and ABC24. She also worked in regional Australia for Prime 7 and WIN News as a TV reporter. In her prior life she worked as a financial planner.