Conway pleased at Crown 2Q results

July 17: Rising sales of food and beverage cans in Europe and Asia along with the pass through of higher raw material costs helped to boost the second-quarter results for world-leading canmaker Crown Holdings.
Although currency translations onto the weakening US dollar lifted its global sales by 10.4 percent to almost $2.2 billion and profit after tax by 9 percent to $99m compared to the same quarter in 2007, Crown was pleased that gross profit as a percentage of sales had increased from 14.4 percent to 16.0 percent.
“The results were above expectations,” said analyst Bank of America Securities.

To continue reading,
please login or subscribe to The Canmaker

Recent Articles