DS Smith sees profit increase by 44 per cent

City A.M. Reporter
BRITISH packaging company DS Smith yesterday said its full-year profit rose 44 per cent on strong sales of corrugated paper in Europe.

The company, which makes packaging boxes for Procter & Gamble and Nestle, said pre-tax profit for the company rose to £110.2m for the year ended 30 April from £76.7m a year ago.

Revenue rose 12 per cent to about £2bn. DS Smith raised its dividend by 31 per cent to 5.9p per share.