© Reuters. FILE PHOTO: Boards of cardboard are pictured inside the box manufacturing company DS Smith Packaging Atlantique in La Chevroliere near Nantes, France, April 25, 2019. REUTERS/Stephane Mahe
(Reuters) – British cardboard maker DS Smith on Monday forecast annual overall performance would be ahead of its expectations, helped by strong revenue growth and effective cost cutting measures.
DS Smith, which provides packaging, paper and recycling services, said it expects adjusted operating profit of at least 400 million pounds ($443 million), for the half year to Oct. 31.
It earned 276 million pounds a year earlier. ($1 = 0.9030 pounds)
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