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Orora Limited

( ASX:ORA ) - Materials

News

Orora Soars On The Back Of Nippon Paper Sale

Back in August, shares in packaging group Orora fell 17% after revealing weak earnings for 2018-19 and a weak outlook. Yesterday, the company got most of that back when it revealed it had sold a part of its Australian operations to a Japanese company for a gross $1.7 billion, with news that most of the money will go back to shareholders in some sort of capital management.

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Orora Packages A Perfect Outlook

Orora (ORA) has deftly packaged broker confidence in its outlook, with FY16 results that were driven by strong organic growth, cost reductions and the contributions from recent acquisitions. FY17 earnings are forecast to be higher, with the company targeting organic growth as well as further investment in innovation.

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