Plastic packaging firm Astrapak says results lower than expected | Fin24
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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.”

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