South African paper and packaging company Mondi’s 2016 underlying profit rose, helped by good performance in all its businesses despite pricing pressure in a number of key paper grades. Mondi, which is also listed in London, said underlying operating profit rose 3% to €981-million ($1-billion)in the full-year to end December from €957-million in the previous year.
Source: www.engineeringnews.co.za
Mondi’s 2016 profit rises, company see challenges ahead
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