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UPDATE 2-Packaging group Mondi declares special payout as profit climbs

collected by :Victor Alphen

“Yes, input costs are moving up … however, we are confident we have the pricing Dominance to pass them out of & even do a bit more.
So there Information Systems cost inflation, however it’s manageable,” he told Reuters, describing the group’s outlook as positive.
We look at a number of opportunities, however even if nothing of them materialise we have this massive capex program … which going to safe our organic development from 2019 on,” he said.
Oswald too told which changing trends in packaging request would benefit Mondi, pointing to growing Stress on businesses to lower needless packaging & the Utilize of plastics.
($1 = 0.8156 euros) (Reporting with Esha Vaish in Bengaluru Editing with David Goodman)

Packaging group Mondi declares special payout as annual profit climbs

Paper & packaging group Mondi declared a special payout of hundred cents per share after full-year underlying profit rose four per cent, benefiting from solid request & higher average selling prices in generality of its businesses.
Mondi has been Combating negative currency impact from a stronger South African rand & a weaker America $ When too facing increasing pricing pressures due to higher raw materials costs.
Shares in the group, which Information Systems listed in London & Johannesburg, were up two per cent at £18.79 in early London trade.
Mondi told which further than €750 mn of confirmed capital expenditure projects were under way, pointing towards a powerful development pipeline.
The Corporation too recommended a full-year ordinary dividend of 62 cents per share, up nine per cent on a year ago.

 

Mondi
Mondi

 

Mondi declares special payout as annual profit climbs

As it stated in DURBAN – Paper & packaging group Mondi declared a special payout of hundred euro cents per share after full-year underlying profit rose four percent, benefiting from solid request & higher average selling prices in generality of its businesses.
Mondi has been Combating negative currency impact from a stronger South African rand & a weaker unite states $ When too facing increasing pricing pressures due to higher raw materials costs.
This prompted a profit caution in October, however the Corporation told on Friday which operational performance improvements had countered inflationary pressures in its cost base.
Mondi told which further than 750 mn euros of confirmed capital expenditure projects were under way, pointing towards a powerful development pipeline.
The Corporation too recommended a full-year ordinary dividend of 62 euro cents per share, up nine % on a year ago.

 

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