Canada NewsWire
TORONTO, Oct. 31, 2018
TORONTO, Oct. 31, 2018 /CNW/ - Richards Packaging Income Fund (TSX: RPI.UN) (the "Fund") announced today results for the quarter ended September 30, 2018.
"Overall the Third quarter performance exceeded our expectations with revenue growth of 10.7% as 6.8% organic growth combined with a 3.9% positive translation on a U.S./Cdn. 3.3¢ weakening of the dollar to 76.5¢. Nine-month results reflects strong total revenue growth of 5.4% mainly due to organic revenue growth" commented Gerry Glynn, Chief Executive Officer.
Details of the Fund's results are currently available on Richards Packaging's website at www.richardspackaging.com and on SEDAR at www.sedar.com.
About Richards Packaging Income Fund
The Fund owns Richards Packaging Inc. ("Richards Packaging"), the leading packaging distributor in Canada, and third largest in North America. Richards Packaging is a full-service packaging distributor targeting small- and medium-sized North American businesses. Richards Packaging has operated since 1912 and currently serves over 14,000 regional companies from 18 locations throughout North America.
SOURCE Richards Packaging Income Fund
View original content: http://www.newswire.ca/en/releases/archive/October2018/31/c3642.html
Gerry Glynn, Chief Executive Officer, Richards Packaging Inc., (905) 670-7760, gglynn@richardspackaging.com; Enzio Di Gennaro, Chief Financial Officer, Richards Packaging Inc., (905) 670-7760, edigennaro@richardspackaging.comCopyright CNW Group 2018