Mondi reports strong first-quarter earnings growth

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Mondi reports strong first-quarter earnings growth
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Underlying earnings will be affected by higher maintenance costs in 2019, the group says, although it saw lower costs in its first quarter

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Packaging and paper group Mondi on Thursday reported a healthy rise in first-quarter earnings, driven by higher average selling prices and slightly lower maintenance costs.

Like-for-like sales volumes were marginally lower compared to the prior comparative period, but selling prices for the group's key paper grades, were, on average, higher, the group said in a statement.

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