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
 

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?