Sappi jumps on higher profits

Comment on this story
SappiWoodPile1 SUPPLIED File picture: Supplied

Johannesburg - Shares of Sappi rise more than 3 percent after the South African paper maker says it swung back to profit in its second quarter on higher sales volumes and prices and increased productivity in its operations.

Shares of the company, which is also the world's top producer of the higher margin specialised cellulose, climb 3.21 percent to 36.64 rand. - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines