The publicly listed company reported a 26% growth in revenue to $12.41bn for the financial year ending 30 June.

Managing director Ken Mackenzie said he was pleased with the results.

“Profit increased 39% and earnings per share were up 32%,” he said.

“The result was achieved against a backdrop of subdued global economic conditions and an $80m adverse impact on reported earnings due to the appreciation of the Australian dollar.”

Amcor almost doubled post-tax profits, up 94% to $356.7m.

Things aren’t all rosy for the group, with the Australian Manufacturers Workers’ Union reporting that employees at Amcor’s Thomastown site in Victoria had entered into their third week of industrial action.

The strikes centre on negotiations over redundancy payments for employees who look likely to lose their jobs next year.

Site delegate Joe Astorino said: “This hasn’t been taken likely, it’s out of necessity, with the redundancies next year there are fairly decent threats to the business.

“Our members want to protect themselves [if they are] to leave in the future.”

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