Plastic packaging firm Astrapak says results lower than expected | Fin24
 
  • Load Shedding Schedules

    Find information for Johannesburg, Durban, Cape Town and other cities.

  • Another Rescue?

    Edcon | Is there appetite from creditors to extend another helping hand?

  • Tough Times

    SA restaurants face job cuts and possible closures as lockdown continues.

Loading...

Plastic packaging firm Astrapak says results lower than expected

Sep 29 2016 09:14

Cape Town – Plastic packaging company Astrapak Group’s results for the six months ended 31 August were lower than expected, although the operating performance in the second quarter of this year was 49% compared to the first quarter.

Revenue was up 15%, while profits increased by 25.4%.

In a statement, group CEO Robin Moore said the numbers reflect a “relatively clean result with no exceptional terms”.

“We have substantially exited all non-core businesses and surplus assets and have been eliminating the high corporate costs that we deliberately incurred in order to implement our long term strategy.”

Read Fin24's top stories trending on Twitter:

astrapak  |  packaging
NEXT ON FIN24X

 
 
 
 

Company Snapshot

Voting Booth

Do you support a reduction in the public sector wage bill?

Previous results · Suggest a vote

Loading...