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.
The performance has been driven by higher sales volumes and higher average selling prices.