Mondi upbeat over prospects despite imminent sale of Russian assets
Group says it is well-placed to deliver sustainably due to its integrated cost advantaged asset base, among other things
14 October 2022 - 10:17
Paper and packaging group Mondi believes it will remain resilient and deliver progress despite geopolitical and macroeconomic concerns as it awaits regulatory approval for the sale of most of its assets in Russia.
“We anticipate continued inflationary pressures on our cost base as we enter the fourth quarter,” the company, valued at R137.2bn on the JSE, said in a trading statement on Friday, commenting on its performance in the third quarter...
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