Berry plastic's revenue in the third quarter of the 2016 fiscal year rose 48% from a year earlier
Berry plastic's revenue in the third quarter of the 2016 fiscal year rose 48% from a year earlier
Berry Plastic recently reported its third-quarter results for fiscal 2016. As of the end of June 2016, the net sales of berry plastics group in the third quarter of 2016 amounted to us $16.45 billion, up by us $404 million. Revenue was $179 million, up 48 percent year on year! Operating depreciation amortization earned a profit of $316 million, a year-on-year increase of $3.97 billion. Berry plastics group from the United States is the world's top hard plastic packaging, flexible packaging, manufacturers and sellers of the care package solution record quarterly net sales , "said berry plastics group chief executive Jon Rich berry plastics did well in the third quarter of this year, a record quarterly net sales record in the history of the company! At the same time, the operating depreciation amortization and interest pretax profit also exceeded the company's previous achievements in June. I am pleased to announce that the profit and tax profit margin of the business depreciation amortization has also increased by 160 basis points to 19.2%!" The company's net sales of $48.71 billion in the first three quarters of 2016 were up 32% from a year earlier, according to the Avintiv sales growth figures. The bulk of the increase comes from the acquisition of Avintiv, which offsets the negative effects of falling prices of resin raw materials and exchange rate fluctuations. Health, health care and special supplies sales strength increased 344% year-on-year in addition, in the first three quarters of net sales, mainly from consumer goods packaging, health, health care and special products as well as the engineering material three big plate. Among them, the sales of health, health care and special products increased 344% year on year, while sales of consumer goods packaging and engineering materials increased by 4% year-on-year. "We hope that we can continue our efforts to achieve a profit and pre-tax profit of $1.2 billion for the fiscal year 2016." Jon Rich added.
