28th Jul 2015 07:01
LONDON (Alliance News) - Anglo-South African paper and packaging manufacturer Mondi PLC on Tuesday said it expects a rise in first-half underlying operating profit and said it will recognise a one-off charge in the period.
The FTSE 100-listed company said its underlying operating profit for the first half of 2015 will be higher than the EUR377 million it posted a year earlier.
Mondi added it has booked a EUR36 million charge in the half, primarily related to the closure of a small kraft paper mill in Finland, the shuttering of a consumer packaging plant in Spain and further restructuring in its US bags business. The charge is up from a similar GBP16 million charge in the year-earlier period.
Mondi will publish its full half-year results on August 6.
By Sam Unsted; [email protected]; @SamUAtAlliance
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