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International packaging specialist DS Smith (LON:SMDS) has posted revenues of £3.07 billion for the six months ended 31st October, a 15% increase over the same period of last year. Profits before tax for the period climbed by 27% to £162 million as sales margins improved by 120 basis points. Management said that they were confident heading in to the second half of the year.
Group chief executive Miles Roberts commented: “We are very pleased with the progress we have made over the last six months. We have strong momentum in the market, delivering good top line growth and substantially increased profit levels. We continue to win market share through our strong FMCG presence and our leadership in both e-commerce and sustainable packaging. DS Smith is extremely well positioned to capitalise on these ongoing growth trends and we are confident about the future prospects for the business.”
DS Smith’s share price fell by 4.60% to 311.30p (as of 11:40 GMT).