Key points
- Revenue from continuing operations up 64.8% to $1,028.3 million
- Net profit from continuing operations up 1.2% to $58.8 million
- Interim dividend of 5.0 cents per share unfranked
Full summary
Orora Ltd has reported its half-year results for the period ended 31 December 2024. Revenue from continuing operations was up 64.8% to $1,028.3 million, while net profit from continuing operations increased 1.2% to $58.8 million. The company's statutory profit, after-tax, for the half-year was $907.6 million, compared with $68.2 million in the comparative period. This includes a net gain of $848.9 million (before tax) on the sale of the North America packaging solutions business. The Australasian Cans business grew earnings by 6.5% on higher volumes, while the Global Glass Segment earnings before significant items, interest and tax increased 41.3% driven by the inclusion of six months of earnings from the Saverglass business. The company has also announced the closure of the oldest furnace at its Gawler site in Australia, with restructuring costs of $83.7 million recognized in the period. The directors have declared an interim dividend of 5.0 cents per share, unfranked, to be paid on 3 April 2025.