Amcor Reports Q1 FY 2020 Results; Reaffirmed Outlook

1 min read | November 08, 2019 01:43 PM AEDT | By Team Kalkine Media

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Amcor PLC (ASX: AMC) has reported first quarter results ended 30 September 2019 for fiscal 2020. The company has reaffirmed fiscal 2020 expectations for an adjusted EPS growth of 5% to 10%.

GAAP based figures include:

Net sales of USD 3,140.7 million compared to USD 2,262.4 million in 1Q19.
Net income for the period was USD 66 million compared to USD 98.4 million in pcp.
Diluted EPS for the period was reported at US 4.1 cents compared to US 8.5 cents in pcp.

AMC declared unfranked dividend of AU 16.7 cents per share to the shareholders in records on 28 November 2019.

At 1:40 PM AEST, AMC was trading at $14.52, up by 1.22%.

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