Orora Limited announced 1HFY23 Results; Sales revenue increased 13.9%

Orora Limited (ASX: ORA) announced 1HFY23 results. The results demonstrate ORA business resilience and its steadfast commitment to delivering against our strategic priorities.

• The company's sales revenue increased by 13.9% to AU$2,264.5 million (up 6.6% in constant currency).
• Statutory net profit after tax (NPAT) grew 7.8% to AU$108.1 million (up 2.9% in constant currency).
• Earnings before interest and tax (EBIT) of AU$165.8 million, up 7.3% (up 2.4% on a constant currency basis).
• An ordinary interim dividend of 8.5 cps was announced, an increase of 6.3%, with a dividend payout ratio of 66.4%.
• Underlying operating cash flow was up 10.7% to  AU$161.1 million.
• The Company’s balance sheet is strong  with net debt of AU$670.8 million up AU$41.8 million from 30 June 2022.

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