Orora Ltd. (AU:ORA) has released an update.
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Orora Ltd. has reported a robust financial performance for FY24, with a 10.2% increase in underlying net profit after tax driven by the strategic acquisition of Saverglass, which added substantial revenue over a seven-month period. Despite a challenging global economic climate, Orora showcased resilience with a 0.9% EBIT growth, excluding Saverglass, backed by strong cost control and margin management efforts. The company is also considering the divestiture of its OPS segment to focus on its value-added beverage packaging business, reflecting ongoing strategic portfolio reshaping.
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