Packaging company Astrapak on Thursday reported a 25.4% year-on-year increase in its profit of R27.6-million for the six months ended August 31, while its revenue rose 15.2% year-on-year to R734-million. The increases came on the back of the company having exited all noncore businesses and surplus assets, CEO Robin Moore explained in a statement, adding that the company had also eliminated high corporate costs it deliberately incurred to implement its long-term strategy.
Source: www.engineeringnews.co.za
Astrapak strategy bears fruit as interim profit rises
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