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Pactiv: Higher volumes and lower costs help boost Q4 profits

Packaging producer Pactiv (Lake Forest, Illinois / USA; www.pactiv.com) has reported a 17% year-on-year increase in operating profits to USD 133m (EUR 95m) in the fourth quarter of 2009. Sales in the period were USD 854m, down from USD 883m in the final three months of 2008, reflecting a 7% increase in volumes, an 11% fall in prices and a 1% favourable effect of currency exchange.

For the full year, operating profits increased by 30% year-on-year to USD 579m. Sales fell to USD 3.36 bn from USD 3.57 bn in 2008.

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