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WATCH: Sappi gives its shareholders a reason to smile
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.