Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Recognition of Ukrainian associate

9th Jan 2012 07:00

RNS Number : 2003V
Smith (DS) PLC
09 January 2012
 



9 January 2012

Recognition of Ukrainian associate

DS Smith Plc has a 49.6% interest in the leading paper and packaging business in Ukraine, Rubezhansk. Rubezhansk has completed the signing of a revised 5-year loan agreement with its existing lender group, and accordingly, DS Smith will now be recognising its share of the profits and investment in this associate business, in the second half of this financial year.

In the year to 30 April 2011, Rubezhansk reported total revenues of £93.5 million and total profit after tax of £13.3 million. The increased interest costs agreed with its lenders will be reflected in the profit after tax in the current financial year.

 

Enquiries

DS Smith Plc 01628 583 400

Miles Roberts Group Chief Executive

Steve Dryden Group Finance Director

Rachel Stevens Head of Investor Relations

 

Tulchan 020 7353 4200

John Sunnucks

David Allchurch

James Macey White

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUGUCCGUPPUQB

Related Shares:

Smith (DS)
FTSE 100 Latest
Value8,941.12
Change-34.54