DS Smith reports 51% profits increase in half-year results

DS Smith has reported a 51% increase in adjusted operating profit from continuing operations at £418m for the six months ended 31 October.

Revenue hit almost £4.3bn (up 28%), profit before tax reached £315m (up 80%), while shareholders were also rewarded with an increased dividend per share of 25% to 6p.

The corrugated packaging giant said the performance was a mix of higher box prices and tight cost controls.

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