AMC 0.92% $16.21 amcor plc

News: Amcor FY profit climbs 11.3%

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    Amcor Limited (ASX:AMC) has posted an 11.3 per cent increase in its underlying net profit of $634.9 million for the full year.



    The packaging manufacturer says recent acquisitions and strong growth in emerging markets offset consumer demand in addition to the high Australian dollar.



    CEO Ken Mackenzie said the full year result represented a record profit, with strong returns and dividends for the company.



    Mr Mackenzie revealed that Amcor is targeting further bolt-on acquisitions in emerging markets such as China and India.



    Amcor will pay a final dividend of 19 cents per share.


 
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