April 20: Rising global beverage can volumes – including the US – contributed to first quarter sales of US$1.78 billion for Crown Holdings, a rise of 5.5 percent compared with the same period in 2009.
The world’s largest canmaking company reported that gross profit was $250m, up from $245m in the first three months of last year, reflecting an increase in global sales unit volumes, cost reductions, efficiency improvements and $9 million from foreign currency translation. Net profit was $41m, slightly up from 2009.
Chief executive John Conway said that the results had beaten the company’s expectations and “set the stage for another strong year”.
