Orora still on course to lift FY earnings

Orora's CEO says first-quarter trading results have been ahead of the same point last year, when the company went on to lift full-year profit 28.3 per cent.

Packaging company Orora says its first quarter has been in line with expectations despite what it called subdued market conditions in Australia, New Zealand and North America.

Managing director and chief executive Nigel Garrard told the company's annual shareholder meeting that trading results have nonetheless been ahead of the same point last year, when Orora went on to lift full-year profit by 28.3 per cent and forecast increased earnings for 2016/17..

Mr Garrard said Orora is still looking at further mergers and acquisitions in North America.