News Leader is broadcast daily on BDTV
WATCH: Sappi gives its shareholders a reason to smile
17 November 2017 - 10:01
Sappi has upped its dividend for the year to 15 US cents as headline earnings per share rose 10%. Sappi’s drive to reduce variable costs and the benefits of lower interest charges helped it offset higher pulp prices and a stronger rand-dollar exchange rate. It raised its dividend by more than 25% after its headline earnings per share (HEPS) rose 10% to 64c over the period. Sappi has reported a 5.9% rise in profit for the full year. CEO Steve Binnie spoke to Business Day TV’s Alishia Seckam about the company’s results.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.