Mondi profits increase 25pc

Suzie Neuwirth
SOUTH African paper maker Mondi yesterday posted a 25 per cent increase in third-quarter operating profit to €138m (£116m), due to improved market conditions and the benefits from the acquisitions completed towards the end of 2012.

The FTSE 100-listed firm is on track for 2013, but said next year depends on the macroeconomic recovery.