Market Overview

DS Smith Posts Higher H1 Profit

Share:

DS Smith PLC (OTC: DITHF) reported a 45% rise in its first half pretax profit and lifted its interim dividend.

DS Smith's pretax profit for the period surged to 123 million pounds ($192.62 million), compared to GBP85 million, in the year-earlier period.

Its revenue fell 5% to GBP1.97 billion.

In the UK sales slipped 3% to £465 million, while sales declined to £481 million.

Adjusted operating profit climbed 10% to £176 million, while EPS for continuing operations before amortisation and exceptional items jumped 15% to 12.9 pence.

The company increased its interim dividend to 3.7 pence per share.

At 31 October 2014, net debt was £694 million.

“We are pleased with performance in the first half of this financial year. We have continued to make good progress with our customers, benefitting from our differentiated commercial offering, and this has translated into strong financial performance, with a particularly good progression on margins and returns as well as excellent cash flow generation. We continue to actively manage our business portfolio and are excited by the opportunities for the Group,” Miles Roberts, Group Chief Executive said.

Posted-In: profitEarnings News

 

Related Articles (DITHF)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com