Sappi reports strong profit but warns of effects of higher costs
An extra sales week during the review quarter lifted sales and boosted ebitda by about $25m
09 February 2022 - 10:32
UPDATED 09 February 2022 - 17:30
The share price of paper and packaging producer Sappi surged more than 14% on Wednesday after the release of its first-quarter results, which showed group recovery bolstered by robust market demand in all product segments.
Sappi, the world’s largest manufacturer of dissolving wood pulp, began the first quarter of its 2022 financial year on strong footing but said higher operating costs would remain a feature for the rest of the year...
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