Mar 22, 2006. /Lesprom Network/.  Sonoco reported net sales of $3.5 billion in 2005, up 9.4% from $3.2 billion year earlier. Company’s gross profit increased by 14.8% to $661.0 million from $574.8 million in previous year. Net income totalled $161.9 million, up 7.0% from $151.3 million in 2004.  

 

In dollars

 

2005

2004

Net sales

3.5 billion

3.2 billion

Gross profit*

661.0 million

574.8 million

Net income

161.9 million

151.3 million

*Gross profit: net sales minus cost of sales.

 

Founded in 1899, Sonoco today serves industrial and consumer customers in 85 nations. From the headquarters in Hartsville, South Carolina, and from more than 300 manufacturing and sales locations in 35 countries, approximately 17 600 employees produce packaging for a variety of industries and for many of the world’s most recognized brands.