On Monday, packaging company Orora Limited (ASX: ORA) reported its full year results. The company reported net profit after tax (NPAT) of $169 million, with earnings before interest and tax (EBIT) up 24.6% to $280.5 million, beating market expectations. We like the defensive nature of the business with its exposure to beverage and food consumption and see potential for growth opportunities through further acquisitions following the recent acquisition of IntegraColor in the US. Shares in Orora closed up 11% for the week. We own Orora as a research driven investment in WAM Leaders.