Rexam Posts Lower Pretax Profit
Rexam PLC (OTC: REXMD) reported a decline in its pretax profit for the year ended December 31.
Rexam's sales for year rose to 4.31 billion pounds, from GBP4.23 billion, in the year-ago period. Its underlying pretax profit gained to GBP418 million, from GBP414 million.
Rexam's underlying earnings per share rose to 35.2 pence from 33.9 pence, while pretax profit declined to GBP354 million from GBP376 million.
Rexam shares closed at $36.97 yesterday.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.