Aug 1 Drinks can maker Rexam Plc said
profit rose slightly for the first half as sales of beverage
cans offset a fall in its healthcare business.
The company, which makes about 57 billion cans a year for
brands like Red Bull, PepsiCo and Carlsberg, said pretax
profit from continuing operations rose to 207 million pounds
($324.33 million) for January-June from 204 million pounds a
Sales from continuing operations at the company, which also
makes medical devices like bronchial inhalers, rose 3 percent to
2.17 billion pounds.
Global beverage can volumes rose 6 percent but the company
reported a slight fall in sales at its healthcare business due
to a weak flu season in North America and weaker pricing of one
of its devices that delivers a drug due to come off patent next
Results from continuing operations exclude the personal care
business, which the company is selling in two parts for $709
Rexam shares closed at 434.5 pence on Tuesday on the London
Stock Exchange. They have gained 23 percent so far this year.