DS Smith half-year profit slumps in line with market expectations
Published by Global Banking & Finance Review®
Posted on December 5, 2024
1 min readLast updated: January 27, 2026

Published by Global Banking & Finance Review®
Posted on December 5, 2024
1 min readLast updated: January 27, 2026

DS Smith's half-year profit dropped 39%, in line with expectations, due to weak packaging prices and higher costs.
(Reuters) - British paper and packaging firm DS Smith reported a 39% slump in half-year profit on Thursday that was in line with analysts' estimates, dampened by weak packaging prices and higher input costs.
The company, which has agreed to a $7.20 billion all-share takeover by U.S. rival International Paper, posted adjusted operating profit from continuing operations for the six months to Oct. 31 of 221 million pounds ($281.2 million), in line with a company-compiled average analysts' estimates.
($1 = 0.7859 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Rashmi Aich)
The main topic is DS Smith's 39% profit slump in the first half of the year, which met market expectations.
Weak packaging prices and higher input costs contributed to the profit slump.
DS Smith has agreed to a $7.20 billion all-share takeover by U.S. rival International Paper.
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