04 AUGUST 2014<a href=' http://af.reuters.com/article/metalsNews/idAFL4N0Q677120140801 ' target='_blank'> Reuters </a>
Rexam posts 2% decline in half-year profit
Edited by : AL CIRCLE
1 min read
Rexam Plc, the world's No. 2 drinks can maker by revenue, posted a 2 percent decline in underlying pretax profit for the first half of the year, hit by high aluminium premiums in Europe and a strong pound.
Underlying pretax profit fell to 166 million pounds ($280 million) for the six months ended June 30 from 169 million pounds a year earlier.
Revenue fell 5 percent to 1.88 billion pounds.
Analysts on average were expecting pretax profit of 156.6 million pounds on revenue of 1.85 billion pounds, according to Thomson Reuters I/B/E/S. ($1 = 0.5925 British Pounds)
Underlying pretax profit fell to 166 million pounds ($280 million) for the six months ended June 30 from 169 million pounds a year earlier.
Revenue fell 5 percent to 1.88 billion pounds.
Analysts on average were expecting pretax profit of 156.6 million pounds on revenue of 1.85 billion pounds, according to Thomson Reuters I/B/E/S. ($1 = 0.5925 British Pounds)
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