The Australian packaging giant reported sales revenue of $6.2bn for the half year to 31 December 2010, a 51.3% increase following the acquisition of Alcan Packaging and Ball Plastics Packaging Americas.

After-tax profits were $267.4m before significant items, a 55% increase over the $172.5m in first half of the 2010 financial year.

Amcor’s Australasia & Packaging Distribution business group increased sales 5.2% to $1.47bn, while profits before interest surged 21.1% to almost touch $100m.

The division used the statement to the ASX to reveal the significant impact of flooding at its Brisbane site at Rocklea.

“At this site, water entered the plant and there was a loss of inventory which is estimated to be around $10m.”

It estimated the cost of repairs at around $10m, while it was unable to estimate the cost of lost sales.

Amcor said it had comprehensive flood insurance covering damage to property, plant and equipment and business interruption.

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