DS Smith profits up 21 per cent

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DS Smith annual report
DS Smith has grown by more than 5 per cent in the last year.

DS Smith profits jumped by more than a fifth in the last year. Its latest annual report, covering the year to 30 April 2018, show pre-tax adjusted profits of £473 million, up 21 per cent on last year’s results.

Revenues also grew at 21 percent, up to £5,765 million, with the final share dividend price at 9.8 pence.

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Overall company volume growth was reported at 5.2 per cent, with the recent North American acquisition Interstate Resources said to be doing well.

Group finance director Adrian Marsh said the company had been able to keep flat margins despite significant increases in paper prices.

Click here to read DS Smith’s full annual report.

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