{"id":1055,"date":"2024-07-23T06:35:06","date_gmt":"2024-07-23T10:35:06","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=1055"},"modified":"2024-07-23T06:35:06","modified_gmt":"2024-07-23T10:35:06","slug":"crown-reports-241m-net-income-in-first-half-of-fy24","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=1055","title":{"rendered":"Crown reports $241m net income in first half of FY24\u00a0"},"content":{"rendered":"


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Crown supplies rigid packaging products to consumer marketing companies. Credit: rafapress via Shutterstock. <\/figcaption><\/figure>\n<\/p><\/div>\n

Packaging company Crown<\/a> Holdings has reported net income attributable to the company of $241m for the first half (H1) of financial year 2024 (FY24), compared to $259m in H1 FY23.\u00a0<\/p>\n

The company\u2019s reported diluted earnings per share (EPS) for the period were $2.01, against $2.16 in H1 FY23.\u00a0<\/p>\n

During the period ending 30 June 2024, net sales of Crown were $5.82bn, down from $6.08bn in the same period a year ago.\u00a0<\/p>\n

This was primarily due to lower material costs and reduced volumes in several businesses, despite an increase in global beverage can shipments.\u00a0<\/p>\n

Its income from operations slightly dipped to $624m in H1 FY24 compared to $636m in the first half of FY23.\u00a0<\/p>\n

However, segment income showed a slight improvement, rising from $734m to $745m.\u00a0<\/p>\n

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