Orora (ORA) – The beverage packaging business raised HY profit by 12.7% to $103.8m which was in line with expectations. The good result was due to a boost in earnings from its Australasia division. EPS was 8.7 cents per share. The company took a significant item expense after tax of $1.9m which related to net profit on sale of Fibre Packaging’s Smithfield site but it was offset by costs related to the restructure of Fibre Packaging in NSW including the closure of the Smithfield site and potential additional decommissioning costs associated with the Petrie Mill site. Here are a few dot points: Sales revenue was up 6.2% to $2,097.8m EBIT was $165.3m up 10.5% on pcp Operating cash flow was $155.9m, broadly in line with pcp Interim ordinary dividend is 6c – represents a pay-out ratio of approximately 69%. The ex-dividend…

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