{"id":8256,"date":"2012-02-23T14:32:12","date_gmt":"2012-02-23T12:32:12","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/rpt-update-1-s-africas-mondi-fy-profit-jumps-49-pct\/"},"modified":"2012-02-23T14:32:12","modified_gmt":"2012-02-23T12:32:12","slug":"rpt-update-1-s-africas-mondi-fy-profit-jumps-49-pct","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/rpt-update-1-s-africas-mondi-fy-profit-jumps-49-pct\/","title":{"rendered":"RPT-UPDATE 1-S.Africa&#8217;s Mondi FY profit jumps 49 pct"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Feb 23 (Reuters) &#8211; South African paper<br \/>\nmaker Mondi reported a 49 percent rise in full-year<br \/>\nprofit on Thursday, buoyed by recovering demand and said it<br \/>\nwould hike its dividend.<\/p>\n<p><span><\/span><\/p>\n<p>Mondi, which is also listed in London, said<br \/>\nheadline EPS totalled 69.9 euro cents in the year to<br \/>\nend-December, compared with 47 euro cents a year earlier.<\/p>\n<p><span><\/span><\/p>\n<p>Headline EPS is the key measure of profitability in South<br \/>\nAfrica and strips out certain one-off and non-trading items.<\/p>\n<p><span><\/span><\/p>\n<p>Mondi, mainly involved in the manufacture of packaging<br \/>\npaper, said its underlying operating profit was up 36 percent to<br \/>\n622 million euros.<\/p>\n<p><span><\/span><\/p>\n<p>The global paper industry is slowly recovering for a slump<br \/>\ntriggered by weak demand and overcapacity and exacerbated by the<br \/>\neconomic crisis. Capacity reductions across the industry have<br \/>\nhelped lift prices.<\/p>\n<p><span><\/span><\/p>\n<p>Mondi, with operations across 31 countries, has been<br \/>\ntargeting fast-growing markets in eastern Europe and is seen as<br \/>\na safer bet than some of its western European rivals which<br \/>\nbattle with high-cost assets.<\/p>\n<p><span><\/span><\/p>\n<p>The company earlier this month offered $374 million to buy<br \/>\nout the remaining 34 percent in Polish unit Mondi Swiecie it<br \/>\ndoes not already own..<\/p>\n<p><span><\/span><\/p>\n<p>The company said that order books have improved in recent<br \/>\nweeks and prices have stabilised, meaning it expected some<br \/>\nrecovery from price declines.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JOHANNESBURG Feb 23 (Reuters) &#8211; South African paper maker Mondi reported a 49 percent rise in full-year profit on Thursday, buoyed by recovering demand and said it would hike its dividend. Mondi, which is also listed in London, said headline EPS totalled 69.9 euro cents in the year to end-December, compared with 47 euro cents [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-8256","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=8256"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8256\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}