Metal can manufacturer, Ardagh Metal Packaging, recorded a $57m profit in the first quarter of the year.
The result represented a significant improvement on the $74m loss incurred in the same period last year.
Revenues were also up 21% at $1.14bn, compared to $939m in the first three months of 2021.
The company is to pay a dividend of $0.10 per share for each of the first three quarters and intends to pay the balance of $220 million in the fourth quarter.
"First quarter results were in line with our expectations, with continued strong demand for our products," said Oliver Graham, CEO of Ardagh Metal Packaging.
Global beverage can shipments rose by just 1% in the quarter, which the company said was a reflection of a strong year last year.
While in North America growth reached 3%.
The company said demand remains high across the business, despite the uncertainty caused by the war on Ukraine.
"We share the international outrage at the Russian invasion of Ukraine and the resulting humanitarian crisis," Mr Graham said.
"Although we have no presence in either country, these events have exacerbated an already challenging inflationary backdrop, in response to which we are pursuing additional price recovery."
Adjusted EBITDA fell by $3 million, or 2%, to $145m compared with $148m in the same period last year.
In the Americas, revenue increased by 27% to $638m while in Europe it was up 14% to $499m.
Ardagh Metal Packaging has 24 production facilities in nine countries and employs close to 5,800 employees.
Last year it had sales of $4.1 billion.
