Mondi in recovery mode as sales pick up

Mondi, the Anglo-South African paper and packaging firm, has managed to turn around disappointing results at the back end of last year as demand picks up in 2012.

Mondi, the Anglo-South African paper and packaging firm, has managed to turn around disappointing results at the back end of last year as demand picks up in 2012.

Underlying profits before tax for the first six months of 2012 were €223m, against €157m seen in the six months to the end of December, although in the first half of 2011, the corresponding figure was €300m.

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