Mondi’s profits increase

A general view of the Mondi paper factory is seen in Merebank in Durban.

A general view of the Mondi paper factory is seen in Merebank in Durban.

Published Nov 6, 2013

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Johannesburg - Paper maker Mondi on Wednesday posted a 25 percent rise in third-quarter underlying operating profit year-on-year as market conditions in its packaging paper and South African businesses improved.

South Africa's Mondi, also listed in London, said underlying operating profit for the quarter to end-September totaled 172 million euros from 135 million euros in the same period last year. - Reuters

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