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China wine hit spoils cans jump for Orora

Simon Evans

Key Points

  • Revenue ($m): 1814.1 v year-earlier 1835.2
  • Pre-tax profit ($m): 116.3 v 105.7
  • Net profit ($m): 97.4 v 97.3
  • Interim dividend: 6.5c, payable April 1

The chief executive of beverage can and wine bottle maker Orora said he took a “gulp” when the size of the official provisional tariffs imposed by the Chinese government on 800 Australian wine producers was announced in November.

Brian Lowe said on Thursday that about 10 per cent of the group’s 900 million bottles produced at a large factory near Gawler in South Australia end up in China.

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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/china-wine-hit-spoils-cans-jump-for-orora-20210217-p573gp