Mondi makes a bundle
The paper and packaging firm Mondi saw a leap in pre-tax profits in 2011, despite a difficult second half as the firm's markets were hit by economic uncertainty.
The paper and packaging firm Mondi saw a leap in pre-tax profits in 2011, despite a difficult second half as the firm's markets were hit by economic uncertainty.
Profit before tax rose 37.2% to a record €457m, from €333m the previous year. Revenues were up 2.3% from €5,610m to €5,739m.
Basic earnings per share rose 57.5% from 45.6c to 71.8c.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Chief Executive David Hathorn said: "Our strong cash flow generation through the cycle enables us to ensure our asset base remains appropriately invested and exploit value adding growth opportunities, whilst maintaining our investment grade credit ratings and increasing returns to shareholders.
"In this regard, we have approved investments in certain high return energy and de-bottlenecking projects and launched a tender offer for the non-controlling interest in Mondi Swiecie."
The board has recommended a final dividend of 17.75 cents per shares, meaning a total dividend for the year of 26.0 cents per shares for the year, up 30% on 2010.
The share price rose 0.78% to 581.00p by 12:55.
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Investors should buy into the nuclear power renaissance – Merryn Somerset Webb
Opinion A new golden age for nuclear power is upon us, says Merryn Somerset Webb
-
ETFs are getting active - is your portfolio ready?
Active ETFs are on the rise, challenging old assumptions. Find out why more investors are choosing this transparent, liquid and tax-efficient fund structure as an active investment strategy.