UK's DS Smith falls on weak H1 profit

DS Smith

05/12/2024 09:42

** Shares of British paper and packaging firm DS Smith
 SMDS.L  down as much as 1.2% at 571p
    ** Co posts 39% drop in H1 adj operating profit from
continuing operations to 221 mln pounds($281.07 mln) 
    ** DS Smith says while overall demand environment has been
positive, packaging demand and paper pricing in Q2 were not as
strong as expected
    ** Adds, market trends experienced in Q2 have continued into
start of the second half of the year
    ** Shares up 85.8% YTD


($1 = 0.7863 pounds)

 (Reporting by Aatrayee Chatterjee in Bengaluru)
 ((Aatrayee.Chatterjee@thomsonreuters.com))