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flag Packaging firm DS Smith reports a 39% drop in half-year profits amid cost pressures, with a buyout expected in 2025.

flag Packaging firm DS Smith reported a significant drop in half-year earnings due to lower prices and higher costs, despite a slight increase in box volume. flag Revenue fell 4% to £3.4 billion, and adjusted operating profits dropped 39% to £221 million. flag The company plans to recover costs through price increases and productivity measures. flag DS Smith's takeover by International Paper for £5.8 billion is expected to close in early 2025.

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