DS Smith Half Year Results 2010/11

DS Smith Plc (“DS Smith”), the international supplier of recycled packaging for consumer goods and office products wholesaling business, announces its results for the six months to 31 October 2010.

Highlights

  • Revenue £1,174.2 million, up 15.3%, 10.5% excluding Otor
  • Operating profit* £60.5 million, up 19.3%, 10.8% excluding Otor
  • Profit before tax £40.2 million, up 17.5%
  • Strong EPS* growth of 31.8% to 8.7p
  • Free cash flow of £74.6 million, up 121.4%
  • Dividend of 2.0p up 33.3%
  • Otor performing ahead of our initial expectations

* before amortisation of intangible assets and exceptional items

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