All data is delayed
See More

Mondi posts slight drop in full-year earnings

Feb 21 2013 10:21

Company Data


Last traded 298
Change 0
% Change 0
Cumulative volume 31188
Market cap 0

Last Updated: 13-10-2015 at 09:49. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Mondi underlying operating profit flat

Mondi first-half earnings drop

Mondi launches €500m Eurobond

Mondi completes Nordenia acquisition

Mondi buys German‚ Czech Duropack ops

Mondi divests interest in newsprint firm

Johannesburg - South African Paper maker Mondi [JSE:MND] said on Thursday it expects to reap the benefit of recent acquisitions after reporting a slight drop in full-year earnings on lower prices.

Mondi, which is also listed in London, said diluted headline earnings per share for the year to end December totalled €0.631, from a €0.691 a year earlier.

Headline EPS is the key measure of profitability in South Africa and strips out certain one-off and non-trading items.

"We started 2012 with a difficult first quarter where volumes were still below normal and prices were starting to bottom out," Mondi Group chief executive David Hathorn told Reuters.

"On average pricing for last year was lower than it was for the previous year."

Mondi, mainly involved in the manufacture of packaging paper, said underlying operating profit fell 9% to €568m.

The company is focusing on fast-growing businesses such as consumer packaging and announced several deals last year to boost its market position. 

Mondi said its total dividend rose 8% to €0.28.

The company's shares were little changed at R113.43 rand as of 09:39, compared with a 0.65% fall in the Johannesburg's All Share [JSE:J203] Index.


Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.



Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote