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Paper and packaging group Mondi has upped its dividend to end-December by almost double digits, saying even though lower prices for key paper and pulp grade weighed on profit during the period, it was optimistic about its future as capital investment starts to pay off.

Pre-tax profit was little changed at €1.1bn (R18.4bn), with the group upping it total ordinary dividend 9% to 83 euro cents...

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