Amcor has more than doubled full-year profit to $US597 million ($A752 million), as acquisitions dominated a year of strategic restructuring.
While the packaging giant delivered profits well beyond last year’s $US244.1 million, Amcor’s revenue from ordinary activities for the year to June 30 fell 3.4 per cent to $US9.1 billion ($A11.5 billion).
Amcor CEO Ron Delia said the results reflect progress in the global packager’s restructuring and the geographic breadth of its strategic investments.
Profit in Amcor’s rigid plastics business – adjusted to exclude US$40 million related to the hyper-inflation swamping its six Venezuelan plants – increased by 8.6 per cent, while its flexible packaging business (such as food wrappings us…
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