DS Smith profit jumps 21% thanks to acquisitions, recovering paper prices

Paper and packaging group DS Smith posted a 21% jump in full-year adjusted pre-tax profit on Monday amid growth in all regions. In the 12 months to 30 April, adjusted pre-tax profit rose to £473m, while revenue was also up 21%, to £5.77bn. The group said it benefited from the recovery of paper prices and growth from acquisitions, which more than offset input cost headwinds. In addition, currency translation effects also lent a hand. During the year, it bought Interstate Resources in the US and ...

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