Cardboard maker DS Smith profit jumps 15% on e-commerce boost

Dec 5 (Reuters) - UK-based packaging group DS Smith Plc reported a 15% jump in first-half operating profit on Thursday, bolstered by growing demand from online retailers and cost savings from its acquisition of Spanish rival Europac last year.

The company, whose packaging products are used by companies including online giant Amazon, said adjusted operating profit for the six months ended Oct. 31 was 351 million pounds ($450.33 million), up 15% on a reported basis.

"Our leadership in e-commerce and sustainable packaging solutions has enabled us to perform well despite a difficult macro environment and volatility in paper pricing," Chief Executive Miles Roberts said.

Source: Reuters

About ECPAKLOG 2020

ECPAKLOG ( E-Commerce Packaging & Supply Chain Expo) is the first and only professional trade exhibition of the global packaging industry which completely focuses on and solve the e-commerce and its logistics distribution and packaging needs of the associated industry. It was debuted in 2017 in Shanghai, which organized by ChinaPak Exhibition Services Co., Ltd.(affiliated to the M. Success Media Group). With leading the innovative application of packaging in the field of e-commerce and the annual growth of 100% in the past three years , ECPAKLOG has become a new benchmark of trade fair for the packaging and e-commerce industry.

On the basis of three years' development, starting from 2020, All in E-Commerce - Asia E-Commerce Supply Chain Expo with the core value of building the whole industry chain ecosphere for e-commerce quality development will be cultivated. It integrates the products, technologies and services required by the operation of each end of the e-commerce industry chain, as well as the discussion of future trends, such as the IoT & big data technology, marketing & brand e-commerce services, C2B on-demand manufacturing, picking and e-commerce & logistics automatic packaging, takeaway & fresh food packaging,etc.

Exhibition Time
2020.7.15-16 | 9:00-17:00
2020.7.17 | 9:00-15:00

Venue
Shanghai New International Expo Centre (SNIEC)
No.2345 Longyang Road, Pudong New District, Shanghai