News Formal

Sappi share price jumps after group flags earnings surge

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

South Africa News News

Notwithstanding inflationary cost pressures, Sappi is expecting another strong performance in the fourth quarter

Sappi's share price had its biggest one-day gain since February, up 9.33% to R50.29, after the company said it expected earnings for the fourth quarter would be higher than those of the unprecedented levels achieved in the third.

In the third quarter, the dissolving pulp and packaging company’s earnings before interest, taxation, depreciation and amortisation rose to a record $371m from $145m previously, shored up by pricing momentum it was able to capitalise on amid a tight global environment...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Famous Brands expects interim earnings to doubleFamous Brands says headline earnings per share could be between 99%-143% higher
Source: BDliveSA - 🏆 12. / 63 Read more »