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Astrapak's earnings likely to fall
Packaging group Astrapak said last week it anticipated its headline earnings per share from continuing operations in the six months to August to drop by between 15% and 20% compared with the same period a year ago due to input costs‚ margin pressures and tighter selling prices.
The company said‚ however‚ it had invested in operating capacity and was re-engineering both its rigid and flexible divisions for greater operating efficiency to move profitability to a sustainably improved base.
Earnings per share from continuing operations are also expected to decrease by the similar margin as the headline earnings per share.
The interim results are expected on September 20.
Source: I-Net Bridge
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