Amcor full year profit rises 21%

Company News

by Rachael Jones

Packaging company Amcor (ASX:AMC) saw its full-year net profit rise 21.3 per cent to $US724 million.

Revenue rose 2.4 per cent to $US9.312 billion.

Earlier this month the company announced their plans to acquire US packaging company Bemis in an all-share combination.

Amcor said it will pay a US24 cents final dividend to shareholders of record on September 10, 2018.

Shares in Amcor (ASX:AMC) are trading 2.77 per cent lower to $13.88.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.