Greif ups income

摘要

Greif has posted a third-quarter net income of $46.7m, up from $37.5m 12 months ago, from net sales of just over $1.1bn. "Our third quarter results included higher net sales and increased EBITDA despite a weaker food season in key regions and foreign currency exchange losses," says president and CEO David B Fischer. "Volumes improved in all business segments compared to the same period last year. Cost savings attributable to the Greif Business System and cross-business integration actions were realised during the quarter. Global market conditions in rigid industrial packaging continue to reflect a slow and steady recovery. Improvements in our flexible products base business were offset by additional costs related to new facilities."