February 2: A strong fourth quarter in 2009 for Crown Holdings provided a welcome lift in profits when the year-end results were announced last night.
While sales for the world’s largest canmaker in the final three months were up 2.1 percent to $1.92 billion, with profits after tax reaching $107 million, compared with $9m in 2008, profits after tax for the year were $450m, 36.3 percent up on last year. This was despite a small decline in sales for the year of 4.4 percent to $7.94bn, which exceeded analyst expectations.
Looking to 2010, chief executive John Conway (pictured) said that he expected a solid year of improving performance.
