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Record profits and improved returns for Rexam
By Shaun Weston
24 February 2011
Categories
Alcohol
Beverage
Business
Financial
Packaging
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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