Soaring profit in the economic depression
2008-12-01
DS Smith, an international major in packaging and office products, is announcing its successfully honorable moment even in the difficult time.
The international enterprise delighted its margin rise by 39％ to £109.1m over the first four months of this year. The bottle line was £1.9bn with more 11％ than the previous year. The good conditions such as "soaring profit, enhanced margins and well-organized cash flow" were highly valued by the chairman Peter Johnson. He would like to invest its development in packaging.
Chief executive Tony Thorne, however, reflected that the current economic depression in slow demand and higher input cost will cast tough times in the company operations. DS Smith decided to combat the downturn by implementing stricter "cost and cash discipline" and continued progress in packaging-converting and office-products business.
According to Thorne, DS Smith will take on the development in higher value-added sections, such as retail-ready, promotional, and heavy-duty packaging.
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