Mondi Ltd. said its normalized net income for the first half was 54 euro cents per share, compared with the S&P Capital IQ consensus estimate of 70 cents per share.
EPS decreased 5.2% year over year from 57 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €260.6 million, a decrease of 5.2% from €274.9 million in the year-earlier period.
Total revenue increased 8.2% on an annual basis to €3.58 billion from €3.31 billion, and total operating expenses rose 10.9% year over year to €3.09 billion from €2.79 billion.
Reported net income fell year over year to €350.0 million, or 72 cents per share, from €362.8 million, or 75 cents per share.
