Smurfit Kappa H1 profit climbs 28% to €312m

Shares in Irish packaging company Smurfit Kappa fell by more than 3% yesterday despite a significant uptick in profitability in the opening six months of the year.

Pre-tax profits surged by 28% to €312m in the six months to the end of June despite some headwinds.

Revenue increased 1% to €4.05 billion while the company’s basic earnings per share rose 24% or 90.8c.