Dublin-headquartered Smurfit Kappa's profits surge by 58%

Smurfit Kappa’s share price jumped 15% yesterday on the back of the Dublin-headquartered paper and packaging group reporting a near 60% surge in annual profits.

The group reported pre-tax profits of €599m for 2015; up 58% on the €378m generated in 2014. Last year’s revenues were up at just over €8.1bn.

The profit growth was largely driven by an exceptionally strong performance in the final three months of the year, with fourth quarter profits up 230%, year-on-year, to €191m.