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Key Highlights From Amcor Limited’s HY Report

This morning, Amcor Limited (ASX: AMC) revealed its financial results for the six month period to 31 December 2017.
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Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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This morning, Amcor Limited (ASX: AMC) revealed its financial results for the six month period to 31 December 2017.

Amcor is a packaging company that provides ‘flexible’ and ‘rigid’ packaging, mainly for the food, beverage, healthcare and tobacco industries.

The results below are comparing against the six month period to 31 December 2016. Here are some of the main points:

  • Sales revenue increased 0.8% but decreased by 1.7% on a constant currency basis
  • Profit before interest and tax (PBIT) increased by 3.7% and increased by 0.8% on a constant currency basis (What the heck is EBIT and EBITDA?)
  • Net profit increased by 6.8% and increased by 3.7% on a constant currency basis
  • Profit per share also increased by 6.8% to 28.5 cents and increased by 3.7% on a constant currency basis
  • Dividend per share increased by 7.69% to 21 cents

The company expects that net profit will be higher than in FY17.

Management were also pleased to point to the fact that Fortune named Amcor as one of 56 global companies helping to change the world. Amcor works with the UN World Food Programme to improve aid packaging.

Amcor shares were trading 1.4% higher at $14.50 on Monday.

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