Mondi to make big profit

30th Jul 2010 07:36

Paper and packaging group Mondi confirmed underlying operating profit for the first half of 2010 will be considerably higher than last year.The firm now expects underlying earnings per share in the six months to June to be in a range of 17c to 22c up from 8.3c this time last year.Last year, Mondi took €78m charges for restructuring, impairment and other one-off costs in the first half. This time it expects to book a gain of €5m. As a result, basic EPS will be in a range of 18-23c compared to a loss of 7.1c last year.

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