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  5. Full year pre-tax profit down 11.9 per cent at Rexam

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Full year pre-tax profit down 11.9 per cent at Rexam

Wed, 20th Feb 2013 07:16

Pre-tax profit fell 11.9 per cent in the full year to December 31st at FTSE 100-listed consumer packaging company Rexam.A difficult year in the healthcare products packaging section weighed on the results, with healthcare operating profit down 26.3% to £48m.By contrast, beverage can volumes rose 6% and organic operating profit increased 5% to £456m.Overall, sales increased 2% to £4,312m. Underlying profit before tax rose 1% to £418m and underlying earnings per share jumped 5% to 35.5.The dividend per share rose 6% to 15.2p.Graham Chipchase, Chief Executive Officer of Rexam, commented on the results, saying: "In 2012, we made further encouraging progress. Beverage cans traded well driven by the global growth in specialty cans and a strong recovery in our market share in the US. "We saw good growth in all our regions with volumes up 6% and organic operating profit increasing by 5%. We are continuing to invest in new lines and capacity to support our future growth. However, as previously highlighted, healthcare had a difficult year largely due to one of our customer's products coming off patent."MF
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13 May 2014 07:28

Rexam outlines details of 450m-dollar cash return

- Shareholders to receive 57p/share - Return implemented by B/C share scheme, share consolidation As promised, beverage cans manufacturer Rexam is to return around 450m pounds to shareholders following the completion of the sale of the bulk of its Healthcare packaging business. The company outline

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13 May 2014 07:06

Rexam To Return GBP450 Million To Shareholders After Healthcare Divisions Sell-Off

LONDON (Alliance News) - Rexam PLC said Tuesday that it is set to return approximately GBP450 million to shareholders, following completion of the sale of its Pharmaceutical Devices and Prescription Retail Packaging divisions of its Healthcare packaging business. The beverage can maker sai

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13 May 2014 06:24

Can maker Rexam to return 450 mln stg to shareholders

LONDON, May 13 (Reuters) - Rexam, the world's second largest beverage can maker in terms of revenue, is to return 450 million pounds ($759.21 million) of cash to shareholders, it said on Tuesday. The move follows completion of the sale of the pharmaceutical devices and prescription retail p

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