Tuesday, July 31, 2007

Rexam profits fall as expected, sees year in line

(Reuters) - LONDON, July 31 - Rexam Plc , the world's biggest drinks-can maker, posted an expected fall in first-half profits, due to higher aluminium costs and a weak dollar, and said it expected the full year to be in line with expectations.



Underlying pretax profit was 98 million pounds in the six months to June 30, down from 121 million last year and compared with an average forecast of 98.53 million in a Reuters Estimates poll of four analysts, the packaging company said on Tuesday.


Read more at Reuters.com Market News

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