Mondi share price: Packaging group posts trading update
Mondi (LON:MNDI) has updated the market on its recent trading this morning.
**Highlights from Mondi’s statement:**
Mondi is currently finalising its results for the half year ended 30 June 2016, which will be released on 4 August 2016. It can now be confirmed that underlying operating profit for the half year ended 30 June 2016 is expected to be above that of the comparable prior year period of EUR490 million.
There have been no special items in the six months ended 30 June 2016. In the six months ended 30 June 2015, the Group recognised a net special item charge after tax of EUR36 million.
Accordingly, Mondi advises that it expects earnings per share (EPS) for the half year ended 30 June 2016 to be within the ranges shown below:
basic underlying EPS (euro cents) 73 to 77 (2015: 67.8), an increase of between 8% and 14%
basic EPS (euro cents) 73 to 77 (2015: 60.3), an increase of between 21% and 28%
basic headline EPS (euro cents) 73 to 77 (2015: 60.1), an increase of between 21% and 28%
As of 07:18 BST, Tuesday, 26 July, Mondi Plc share price is 1,468.00p.