Amcor shows increased profit for the year

Highlights

• Profit after tax and before significant items of $409.2m, up 13.5%.
• The negative impact from translation of overseas earnings to Australian dollars on profit after tax and before significant items was approximately $58m.
• Excellent cash flow performance, with operating cash flow of $566.8m.
• Significant items, primarily relating to the acquisition of the former Alcan Packaging businesses and planned restructuring, were an after-​tax expense of $226.2m.
• Integration of the former Alcan Packaging businesses progressing well and on-​track to achieve synergy targets.
• Acquisition of Ball Plastics Packaging Americas business completed on 3 August, creating additional opportunity.

Source: Amcor

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