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Amcor a winner from stay-at-home lifestyle

Simon Evans
Simon EvansSenior reporter

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Key Points

  • Revenue $US6.2b flat from year-earlier $US6.18b
  • Interim net profit of $US417m up 56pc from year-earlier $US252 million.
  • Quarterly dividend climbs to US11.75¢ from year-earlier US11.5¢.

Asia and North America are the likely regions for Amcor’s next round of acquisitions, says the chief executive of the packaging giant cashed up and riding high from robust demand in segments such as food, beverages and pet food.

Ron Delia also said on Wednesday that he expected once vaccination programs reached sufficient penetration and the pandemic was brought under control, consumption patterns by shoppers for the major products in the grocery channels which the company makes packaging for would return to normal.

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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com

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    Original URL: https://www.afr.com/companies/manufacturing/amcor-a-winner-from-stay-at-home-lifestyle-20210202-p56yuf