Orora’s Profit Slumps Post Saverglass Buy, Future Bright?

Orora’s Net Profit Drops Due to Saverglass Acquisition Costs

Orora, the Australian packaging company, has reported a net profit of 68.2 million Australian dollars for the six months through December, a decrease from the previous year’s 108.1 million. The drop in profit can be attributed to 40.4 million Australian dollars in transaction costs related to Orora’s acquisition of Saverglass.