(Corrects dateline to June 26 from June 25)
June 26 DS Smith said full-year pretax
profit doubled as the recycled packaging provider continued to
benefit from the acquisition of SCA Packaging, and increased
volumes mainly in Central Europe and Italy.
Pretax profit rose to 167 million pounds ($283.6 million)
for the year ended April 30, from 82 million pounds a year
earlier. Revenue jumped 10 percent to 4.03 billion pounds.
The company, whose customers include Procter & Gamble Co
, Nestle SA and Unilever Plc, said it
expected 2014-15 earnings to be hurt by a weak euro.
The company generates about 65 percent of its EBITA in
DS Smith's earnings include a 12-month contribution from the
acquisition of SCA Packaging compared with 10 months'
contribution in the prior-year period.
($1 = 0.5889 British Pounds)
(Reporting by Tasim Zahid and Aashika Jain in Bangalore;
Editing by Gopakumar Warrier)