JOHANNESBURG, Aug 3 (Reuters) - Packaging and paper group Mondi, reported a 25 percent increase in half-year underlying profit, benefiting from higher average selling prices, good demand across its packaging businesses and profit improvement initiatives across the group.
Underlying operating profit rose to 630 million euros ($729.98 million) in the six-months ended June, up from 503 million euros earlier, Mondi said in a statement on Friday.
The group, which is listed in London and Johannesburg, declared an interim dividend of 21.45 euro cents per share, up 12 percent.
$1 = 0.8630 euros Reporting by Nqobile Dludla. Editing by Jane Merriman