Economy & Financial Reports

The group reported higher first-half revenue but a sharp fall in profit, as weaker demand in its distribution arm offset growth in manufacturing operations.

The plastic bag levy was established to combat plastic pollution by reducing the use of single-use plastic carrier bags.

The company plans strategic initiatives for FY26 improvement.

Orora transformed its business by pivoting to beverage packaging and executing debt reduction through selling non-core assets.

The company posted 14% rise in revenue despite drop in profits.

The steep profit drop likely reflects inflationary pressures, elevated financing costs, and currency fluctuations in Egypt.

This represents a growth compared to last year primarily driven by Americas and supported by the ramp-up of the new U.S. plant.

The report highlights its extending its year-long operational pause.

The group’s sales in Americas grew by 14%.

The company’s European operations face soft demand and higher costs.