Mondi hikes interim dividend by 27%
Packaging and paper group, Mondi has received a boost from higher selling prices and volume increases during the interim period. While revenue is up a tepid 1%, profit before tax surged by 29%, and basic underlying earnings grew 8%. That seeing a dividend of over 27 euro cents being declared reflecting a hike of 27%. But despite a global push towards paper from plastic, the group says demand is waning across the markets in which it operates and expects macroeconomic uncertainties to continue weighing on its trading environment. Company's CEO, Peter Oswald joins Business Day TV to talk about the numbers.