LONDON (dpa-AFX) - Packaging solutions company DS Smith Plc (SMDS.L), which
is in deal to be bought by International Paper (IP), reported Thursday that its
fiscal 2024 profit before tax fell 24 percent to 503 million pounds from last
year's 661 million pounds.

Basic earnings per share were 28.0 pence, down 22 percent from last year.

Adjusted earnings per share were 32.9 pence, compared to last year's 42.7 pence.

Revenue for the year decreased 17 percent to 6.82 billion pounds from last
year's 8.22 billion pounds. Revenue decreased 16 percent on a constant currency
basis.

Further, the company announced a final dividend of 12.0p per share, taking the
total dividend for this year to 18.0 pence per share, in line with last year.
Subject to approval of shareholders at the AGM to be held on September 3, the
final dividend will be paid on October 4 to shareholders on the register at the
close of business on September 6.

Regarding the outlook, the company said the positive trends in packaging volumes
from the second half of last year have continued into the current financial
year.

The increasing demand is resulting in higher paper and other input costs,
including OCC, and this will be reflected in packaging price rises. The company
expects the benefits to be weighted to the second half of current financial year
and provide further momentum into fiscal 2026.

For more earnings news, earnings calendar, and earnings for stocks, visit
rttnews.com.



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX