Britain's DS Smith to book $38 million charge from Ukraine business
Reuters
Published Apr 28, 2022 08:19
(Reuters) - British cardboard maker DS Smith expects to book a one-off charge of 30 million pounds ($37.6 million) to account for losses from its Ukrainian business following Russia's invasion.
The FTSE 100 company on Thursday forecast annual adjusted operating profit of 605 million-615 million pounds, compared with 502 million pounds a year earlier, supported by higher sales and price hikes that helped offset rising costs.
($1 = 0.7990 pounds)
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Written By: Reuters
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