November 28, 2018 / 7:14 AM / 14 days ago

Packaging firm RPC's first-half earnings slip as costs rise

Nov 28 (Reuters) - British packaging firm RPC Group Plc , the target of a takeover battle, said on Wednesday earnings in the first half of the year slipped 4.5 percent, hurt by rising costs.

Pretax profit dropped to 154.4 million pounds ($197 million) in the six months ended Sept. 30, from 161.7 million pounds a year earlier.

RPC, Europe’s biggest plastics packager, this month extended the deadline to Dec. 3 for U.S. private equity firms Apollo Global Management and Bain Capital to make firm takeover bids for the company. ($1 = 0.7843 pounds) (Reporting by Muvija M in Bengaluru; editing by Sai Sachin Ravikumar)

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