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REPORTING SEASON: Amcor (AMC)

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Figure 1: Amcor 12 month chart

 

Global packaging company Amcor Limited (AMC) has reported a solid rise in FY13 net profit to $600.6M and forecast significantly higher earnings in FY14.

NPAT before significant items rose by 8.6% to $689.5M, above expectations.

Shareholders will receive an increased unfranked final dividend of 20.5cps to be paid on 30 September.

AMC shares fell during Monday’s trade but are up 30% so far this calendar year.

 

You can see all of CommSec’s reporting season analysis by clicking here.

Juliette Saly, Market Analyst,