Orora Earnings Dip: Acquisition Costs Impact Profit

Orora, the packaging company, has reported a net profit of 68.2 million Australian dollars for the six months through December, which is a decrease from A$108.1 million in the previous year. This decline in profit is primarily attributed to A$40.4 million in transaction costs related to Orora’s acquisition of Saverglass. Additionally, the interim dividend declared by the company is 5.0 cents a share, down from 8.5 cents in the previous year, reflecting a higher number of shares after the Saverglass deal.