Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Packaging group DS Smith reported a jump in profit as revenue was bolstered by higher volumes and an increase in selling prices.
For the first 6 months through October, pre-tax profit rose 80% to £175 million year-on-year as revenue grew 22% to £3.36 billion.
Revenue was driven by packaging volume growth and higher selling prices across the group.
The company hiked its interim dividend by 20% to 4.8 pence.
'Together with pricing momentum, this underpins our confidence to deliver a significant improvement in profitability during the second half of this year in line with our expectations and towards our medium-term targets,' the company said.