10 December 2020 - interim results

The paper and packaging group has announced its interim results for the six months to 31 October and these have revealed a resilient performance in the circumstances.  Revenues for the period declined by just 9% to £2.9bn compared with the previous year, although adjusted pre-tax profits fell to £192m from £308m last year.  Adjusted earnings per share fell 38% to 10.8p.  The company also declared an interim dividend of 4p with no dividend being paid for the last financial year.  Clearly the group has been a beneficiary of the surge in on . . .

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