Mondi reports strong first-quarter earnings growth

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

South Africa News News

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

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

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.

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
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

Steinhoff falls 15% as market reacts to glum 2017 earnings reportThe Stellenbosch-headquartered retail conglomerate published its long-delayed 2017 earnings late on Tuesday. Fin24 Seriously? Thought this shitstock Steinhoff was on 0 already? Buying this now is like voting for the ANC.
Source: News24 - 🏆 4. / 80 Read more »

Ferrari defies industry odds with increase in first quarter of 2019The luxury car maker’s shares have gained 42% since the start of the year
Source: BDliveSA - 🏆 12. / 63 Read more »