Plus   Neg

Mondi H1 Profit Down

Packaging and paper group Mondi Plc. (MNDI.L) Thursday reported that its profit attributable to the shareholders for the half year slid to 349 million euros from 464 million euros, and earnings per share slipped to 72.0 cents from 95.7 cents last year.

On an underlying basis, profit attributable to the shareholders declined to 354 million euros from 466 million euros, and earnings per share slid to 73.0 pence from 96.2 pence last year.

Underlying EBITDA for the period was down 17 percent to 738 million euros, marked by generally softer pricing and exacerbated by the impact of the COVID-19 pandemic and related lockdown measures.

The Group's revenue for the first half decreased to 3.45 billion euros from 3.77 billion euros, due to lower average selling prices across its key paper grades as well as lower demand for commercial, professional and office printing due to widespread lockdown measures.

In addition, the Group said its Board has declared a dividend of 29.75 euro cents per share relating to 2019 and an interim dividend of 19.00 euro cents per share for 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Facebook said Tuesday that it has helped 4.4 million people register to vote for the upcoming U.S. presidential election on November 3, exceeding the tech giant's goal of helping 4 million voters to register. In June, Facebook said it created a new Voting Information Center to provide users with authoritative information, including how and when to vote. Facebook has launched cloud-streamed games in the Facebook app and on browser, which are playable instantly, with no downloads required. These cloud-streamed games can be played right alongside those playing instant games in HTML5. The access to cloud games on Facebook will roll out in the US, initially across California, Texas and Northeast and Mid-Atlantic states. Microsoft Corp. has joined with Adobe Inc. and enterprise AI software provider C3.ai to launch a new tool that would help customers to accurately forecast revenue and product demand, among other things. The C3 AI CRM powered by Microsoft Dynamics 365 would provide an integrated suite of industry-specific AI-enabled CRM solutions including marketing, sales, and customer service.
Follow RTT