Dropping out of the MSCI World Index appeared to be a poor reward for Smurfit Kappa, after the packaging giant last week reported pre-tax profits of €312 million (excluding exceptional items) for the six months to June, an increase of 4 per cent on last year.
Chief executive Gary McGann said the group had done well to increase revenues marginally to €1.84 billion during the period, despite ‘‘challenging’’ conditions that saw demand for some products falter...
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