DS Smith grows profits while increasing debts

Packaging firm DS Smith has expressed confidence for the full year, with interims profits boosted by its acquisition of SCA Packaging on June 30th, although net debt levels have risen.

Packaging firm DS Smith has expressed confidence for the full year, with interims profits boosted by its acquisition of SCA Packaging on June 30th, although net debt levels have risen.

For the six months ended October 31st revenues were up 61.6% at £1.6bn (H1 2012: £1bn) with pre-tax profits of £58m (£42.8m).

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