Mondi operating profit increases on higher prices
First-quarter operating profit was up 8%, though higher selling prices were offset by rising costs and a forex knock
11 October 2017 - 10:33
Mondi said in a trading update for the third quarter to the end of September 2017 that underlying operating profit of €245m had increased 8% on the same period in 2016. The group said that it had benefited from higher average selling prices, partly offset by higher costs and negative currency effects. The underlying operating profit for the quarter was in line with the 2017 second quarter, with positive pricing momentum across most product segments amid a seasonal downturn in uncoated fine paper.
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