Mondi raises dividend as it reports market share gains
Group profit falls but cash generation was strong, and CEO Andrew King is confident of the group’s market position
25 February 2021 - 15:15
Paper and packaging group Mondi has brushed off a profit fall to pay out a €199m (R3.57bn) final dividend to shareholders, expressing confidence in its cash generation and market position.
The world’s largest producer of kraft paper says it increased sales of certain products in its year to end-December, when Covid-19 drove demand for e-commerce packaging and turned customers towards stable local suppliers...
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