First Impression: Amcor (AMC) 1H17
Divisional performance: Flexibles: revenue up 3.5% to US$3090m and PBIT up 5.3% to US$373m; operating margin 12.1%; Rigids: revenue down 11.8% to US$1377m and PBIT down 6.5% to US$143.5m; operating margin 10.4%. | Net operating cash flow down 18% US$214.9m. | Outlook: “The Company is very well positioned for continued growth and the outlook for profit after tax in the 2016/17 year has not changed. In constant currency terms, we expect profit after tax to be higher than the US$671.1 million delivered in the 2015/16 year.” | Today’s share price reaction: Up 4.3% to $15.17 (10.42 am).
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
1 topic
1 stock mentioned
Comments
Comments
Sign In or Join Free to comment