Colorpak runs to fresh record high

The packaging group's share price rose after its higher than expected full-year profit and dividend, with its rationalisation paying off.

Colorpak rallied to a record high this morning after posting a better than expected full-year profit and dividend.

The stock jumped 6.4% to 83 cents after the Australia and New Zealand packaging group delivered an 8.8% increase in underlying earnings before interest, tax, depreciation and amortisation (EBITDA) to $18.2 million for the year ended June 30, 2013.

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