Packaging firm Mondi slashes dividend by 60% as annual profit falls
19/02/2026 07:26
Feb 19 (Reuters) - Paper and packaging company Mondi MNDI.L cut its 2025 dividend by about 60%, after reporting a drop in annual adjusted core profit on Thursday, due to tepid demand and low pulp prices. The British company said it planned to prioritise cost savings amid tough macroeconomic conditions, having laid off about 1,000 employees in the past year. (Reporting by Simone Lobo in Bengaluru; Editing by Rashmi Aich) ((Simone.Lobo@thomsonreuters.com, +919920570373))