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.

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