DS Smith registers 54% reduction in H1 profit, resumes dividend payout

An employee transports a giant reel of paper at the carboard box manufacturing company DS Smith Packaging Atlantique in La Chevroliere, near Nantes, France

On Thursday, cardboard maker DS Smith posted a 54% plunge in half-year profit, hurt by lower prices for boxes and weak industrial demand, although the company decided to resume dividend payment.

The London-listed company said profit before tax for the ongoing operations fell to $129.48 million (97 million pounds) for the six months ended Oct. 31 from 213 million pounds a year earlier and announced an interim dividend of 4 pence per share.

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