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Record profits and improved returns for Rexam
Rexam, the global consumer packaging company, has announced its audited results for 2010.
Highlights
- Underlying profit before tax £412m – up 45%
- Strong free cash flow of £316m – net debt down to £1.68bn
- Return on capital employed (ROCE) improved to 12.3%
- Cost efficiencies and restructuring savings total £88m
- Beverage Cans 25% organic profit growth
- Plastic Packaging 16% organic profit growth
- Closures division being marketed for divestment
- Total 2010 dividends 12.0p including proposed final dividend of 8.0p.
Source: Rexam
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