EXTRA: DS Smith To Sell Plastics Unit, Interim...
LONDON (Alliance News) - Packaging giant DS Smith on Thursday announced it will be exploring ... LONDON (Alliance News) - Packaging giant DS Smith on Thursday announced it will be exploring opportunities to sell its plastics division, as it reported growth in its five global regions. The FTSE 100-listed company reported a sharp rise in group profit and revenue, resulting in the company increasing its interim payout. DS Smith said, following an initial review, it has concluded its Plastics division is an "attractive asset with good growth prospects". As a result, the company is "now exploring opportunities" to sell the division. Central Europe & Italy reported a 14% increase in revenue to GBP815 million from GBP717 million last year. Organic corrugated box volumes increased alongside the group average, reflecting, in particular, "a very good" performance from Italy, driven by e-commerce.