Smurfit achieves 79% rise in profits

Packaging group Smurfit Kappa achieved a 79% increase in profits in the first six months of the year compared to the same period of 2013, it was announced yesterday.

The company’s profits before tax grew from €127m in the first half of 2013 to €228m at the end of June this year.

Its earnings per share and earnings before interest, tax, depreciation, and amortisation also rose.