6th Nov 2013 07:37
LONDON (Alliance News) - Mondi Limited and Mondi PLC (together, Mondi Group) (MNDI.L) provided an update on the financial performance and financial position of the Group since the half-year ended 30 June 2013, based on management accounts up to 30 September 2013 and estimated results for October 2013.
Underlying operating profit was 172 million euros, for the third quarter ended 30 September 2013, 25% above 138 million euros, prior year. The Group said the improved result was due to market conditions in Packaging Paper and the South Africa Division and the benefits from the acquisitions completed towards the end of 2012.
Sales volumes were broadly in line with the comparable prior year period, adjusted for acquisitions.
The Group said it remains confident of delivering in line with its expectations for the full year.
Copyright RTT News/dpa-AFX
Related Shares:
Mondi