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AMCOR PLC — Interim / Quarterly Report 2008
Feb 19, 2008
64373_rns_2008-02-19_8477d298-d174-4e4c-81f8-afe6e825eb4f.pdf
Interim / Quarterly Report
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Appendix 4D Half yearly report
Appendix 4D Rule 4.2A.3
Half yearly report
AMCOR LIMITED ABN 62 000 017 372
1. Details of the reporting period and the previous corresponding period
Reporting Period: Previous Corresponding Period:
Half-Year Ended 31 December 2007 Half-Year Ended 31 December 2006
2. Results for announcement to the market
| Results for announcement to the market | Results for announcement to the market | Results for announcement to the market | Results for announcement to the market |
|---|---|---|---|
| $A million2.1 Revenues from ordinary activities•From Continuing Operations•From Discontinued OperationsDownDown5.2%85.3%toto4,656.782.52.2 Net profit from ordinary activities after tax butbefore significant items, attributable to membersSame0%to185.02.3 Net profit for the period aftersignificant items, attributable to membersUp30.8%To154.0 | |||
| Dividends | Amountpersecurity | Franked amount persecurity | |
| Current period2.4 Interim dividend | 17.0 cents | nil | |
| Previous corresponding period2.4 Interim dividend | 17.0 cents | nil | |
| 2.5 Record date for determining entitlements tothe dividend | Interim dividend – 3 March 2008 |
2.6 Brief explanation of figures in 2.1 to 2.4 –:
i) Dividends in the current period and previous corresponding period are unfranked. ii) Dividends to foreign holders are subject to with-holding tax and the declaration that 75% of the dividend is sourced from the Conduit Foreign Income Account.
iii) Refer to attached press release for further details relating to 2.1 to 2.4.
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Appendix 4D
Appendix 4D Half yearly report
3. Net tangible assets
| Current period | Previous correspondingPeriod(1) | |
|---|---|---|
| Net tangible asset backing per ordinary security | $2.09 | $1.92 |
(1) The processing of the correction of a prior period error has resulted in a change in the net tangible asset backing per ordinary security calculated for the previous corresponding period. Refer attached, Note 2 Correction of Prior Period Errors for an explanation of the correction.
4. Control gained over entities having a material effect – refer attached, Note 5 Acquisitions and Note 6 Discontinued Operations
During September 2007 the Group acquired an extra 0.74% of the shares of AMVIG on market for $9.9 million. As a result of this acquisition, combined with share buy backs undertaken by AMVIG since June 2007 and the acquisition of Brilliant Circle by the issue of shares announced by AMVIG on 20 June 2007, Amcor’s shareholding in AMVIG is 33.5% at 31 December 2007.
The Australasian Food Can and Aerosols business was sold effective as of 31 October 2007.
5. Details of individual dividends and payment dates – refer attached, Note 9 Dividends
6. Details of dividend reinvestment plan
The Dividend Reinvestment Plan (DRP) is in operation. Issue price will be calculated on the arithmetic average of the volume weighted average price for the nine business days March 5 to 18, 2008 inclusive. The last date for receipt of election notices for the DRP is 3 March 2008.
7. Details of associates and joint venture entities
The Group maintains a 33.5% interest as at 31 December 2007 in AMVIG Holdings Ltd, a tobacco packaging company listed on the Hong Kong Stock Exchange. The Group also maintains a 37% interest in Silgan White Cap de Venezuela S.A, a metal and plastics closures company incorporated in Venezuela.
8. Not applicable
9. The accounts are not subject to audit dispute or qualification (a copy of the review report is included in the half-year accounts attached).
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............................................................ Julie McPherson Company Secretary
Date: ............................
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Appendix 4D