Amcor has more than doubled full-year profit to $US597 million ($A752 million), as acquisitions dominated a year of strategic restructuring.
While the packaging giant delivered profits well beyond last year's $US244.1 million, Amcor's revenue from ordinary activities for the year to June 30 fell 3.4 per cent to $US9.1 billion ($A11.5 billion).
Amcor CEO Ron Delia said the results reflect progress in the global packager's restructuring and the geographic breadth of its strategic investments.
Profit in Amcor's rigid plastics business - adjusted to exclude US$40 million related to the hyper-inflation swamping its six Venezuelan plants - increased by 8.6 per cent, while its flexible packaging business (such as food wrappings using plastics, paper or aluminum foil) was up 8.2 per cent, at constant exchange rates.
Amcor has pursued acquisitions across the US, South Africa, Brazil, China and India, as part of a restructure in which the company closed 14 plants across developed markets to streamline operations in Europe and reduce overheads.
The restructure had delivered benefits of $50 million to $60 million - at the upper end of guidance, the company said.
Looking ahead, Amcor remains most bullish about its North American prospects - where sales topped US$3billion and market share is targeted at 3 per cent growth.
The company saidfirst half 2017/18, earnings would be affected by integration costs of around US$5 million related to its 2016 acquisition of Chilean packager Alusa and the RMB185 million (approx $35 million) acquisition of Hebei Qite Packing in China completed in January.
Amcor has declared an unfranked final dividend of 23.5 US cents per share, up from 22 cents last year.
Amcor shares were 10.5 cents higher at $16.105 at 1143 AEST.
AMCOR'S FULL YEAR:
* Full-year statutory profit up to $US597 million ($A752) million from previous year, $US244.1 million.
* Annual revenue down 3.4 per cent to $US9.1 billion ($A11.5 billion), from US$9.42 billion in the prior corresponding period.
* Final unfranked dividend of 23.5 US cents.
Share
