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Orora Ltd. ( (AU:ORA) ) has shared an announcement.
Orora Ltd. has reported its half-year financial results for the period ending December 31, 2024. The company experienced a significant increase in revenue from continuing operations, up 64.8% from the previous year, while revenue from discontinued operations declined by 9.4%. The net profit from continuing operations saw a slight increase of 1.2%, but the net profit after significant items from continuing operations plummeted by 99.0%. Notably, the sale of its North America packaging solutions business to Veritiv Corporation was completed, alongside plans to sell its closures operation in Adelaide. These strategic divestments are expected to refocus the company’s resources and potentially impact its market position.
More about Orora Ltd.
Orora Ltd. operates in the packaging industry, providing innovative packaging solutions and services. The company’s primary focus is on delivering sustainable and quality packaging products to diverse markets, including beverages, food, and industrial sectors.
YTD Price Performance: -5.37%
Average Trading Volume: 33,794
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.92B
See more insights into ORA stock on TipRanks’ Stock Analysis page.
