By John Harrington, For The Daily Mail Published: 22:23 BST, 4 June 2023 | Updated: 23:08 BST, 4 June 2023
Investors binned shares in Mondi, the packaging and paper giant, after it became the latest heavyweight company to gripe about significant increases in input costs.
The shares fell 5 per cent, or 81p, to 1529p, after the company experienced higher energy, wood, resins, transport, chemical and paper costs in the first half of the year. That news overshadowed a sharp increase in profit before tax to £933million from £354million the year before.
MARKET REPORT: Rising profits fail to paper over higher costs at Mondi
