WATCH: Why Sappi’s profit slipped
Paper and pulp maker Sappi recorded a 4.4% decline in its annual profit.
This was partly due to a stronger rand throughout the period.
The company also said that projects in its European and North American paper facilities as well as the revamping of some South African pulp plants increased capital expenditure.
CEO Steve Binnie joined Business Day TV to discuss the results and what lies ahead for the group.
Sappi CEO Steve Binnie talks to Business Day TV about the the group’s full-year results
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