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Packaging firm and paper recyclers DS Smith reports 85 per cent pre-tax profit plummet

International packaging firm and office products wholesalers DS Smith has reported pre-tax losses of nearly 85 per cent on last year.The Group, owners of Severnside Recycling and St Regis, has suffered the impact of low demand for its products and services due to the recession, which worsened as the year went on. The firm made just £16.8 million against £109.1 million in the previous year, losing 84.6 per cent in pre-tax ...