Sonoco's CEO outlines firm's business strategy

摘要

The President and Chief Executive Officer of Sonoco, Harris DeLoach, outlined his company's strategy for providing sustainable double-digit total returns to shareholders, at the firm's annual meeting, which was held recently in New York, USA. DeLoach says that Sonoco expects to report earnings per diluted share for 2005 of US$1.75 to $1.79, excluding the effect of future restructuring charges which, at present, cannot be estimated. DeLoach says that since the last meeting, held a year earlier in New York, a number of important changes have occurred in the company's geographical presence, portfolio and operating environment.