Johannesburg - Paper maker Mondi reported a 10% rise in full-year underlying profit on Tuesday on rising packaging paper sales and lower costs, sending its shares to a record high.
Mondi [JSE:MND], which has a secondary listing in London, said underlying operating profit for the year to the end of December, reached €767m from €699m a year earlier.
Its shares rose 2% to R232.50, reaching its highest level ever since the company listed in 2007.