https://www.engineeringnews.co.za

Mondi expects lower 2012 FY profit

12th February 2013

By: Natalie Greve

Creamer Media Contributing Editor Online

  

Font size: - +

JSE-listed Mondi Group expected its underlying operating profit for the fourth quarter ended December 31, 2012, to be above that of the €135-million operating profit recorded in the third quarter of 2012, as well as the €132-million recorded in the fourth quarter of 2011.

However, the paper and packaging company warned that its underlying operating profit for the full 2012 year was expected to be below the €622-million achieved in 2011.

This followed an indication by the group in its interim management statement in October that the underlying operating profit for the first nine months of 2012 of €405-million was below that of the €490-million profit recorded in the comparable period of the year before.

In addition, the company advised in a trading statement on Monday that it expected basic earnings a share to be between €0.48 and €0.52, compared with basic earnings a share of €0.66 in 2011.

Basic headline earnings a share for 2012 would be between €0.61 and €0.65, compared with the basic headline earnings a share of €0.69 the year before.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
26th April 2024 By: Martin Creamer
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.077 0.182s - 158pq - 2rq
Subscribe Now