Rexam reports better results for 2010

World leading canmaking firm Rexam reported improved results for 2010 today with sales up 2 percent to a record £4.96 billion ($8.05bn).

Underlying gross profit was £412m ($669m), up 45 percent, compared with a tough 2009 in which more than £300m ($487m) was paid in goodwill impairment and restructuring charges. Profit after tax was £124m ($201m), against a loss of £29m ($47m) last year.

Rexam’s chief executive, Graham Chipchase (pictured) said: “In 2010 we delivered record profits and cash flow, improved ROCE and significantly strengthened our balance sheet.

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