PULP & PAPER
JSE-listed Mondi’s underlying profit fell by 6% year-on-year to €497-million for the six months ended June 30. Underlying earnings before interest, taxes, depreciation and amortisation for the period, adjusted for the year-on-year movement in the forestry fair value gain, was up 3%. "Profitability was down on the comparable prior year period, mainly driven by a significantly lower forestry fair value gain in South Africa and the impact of mill maintenance shuts," CEO Peter Oswald said in a statement on Thursday.
Please enter the email address that you used to subscribe to Research Channel. Your password will be sent to this address.
Don't have any login details?
Free Trial Access