Mondi’s interim profit slumps amid weak demand
Despite falling profits, the packaging giant boosts its interim dividend, signalling a hopeful outlook
03 August 2023 - 09:28
The interim profit of paper and packaging group Mondi from continuing operations was down more than a third following weaker demand, customers reducing their stock and higher input costs.
“So far in 2023, demand and prices have declined sequentially with the exception of containerboard prices, which stabilised in the later part of the half year,” group CEO Andrew King said in the results for the six months to end-June...
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