Mondi sees trading improve

Paper manufacturer Mondi said yesterday its fourth quarter trading was ahead of both the previous quarter and the same period last year, but that the recent strong performance could not offset weaker trading earlier in the year. It also warned that its underlying operating profit for the full 2012 year was expected to be below 2011, when it made €622m (£533.6m). Mondi said it expects basic underlying earnings per share of €0.67 to €0.71.