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South African paper maker Mondi posted higher 2013 full-year earnings on Friday, helped by benefits from acquisitions in its packaging business. Mondi, which is also listed in London, said diluted headline earnings per share for the year to end-December totalled 91.1 euro cents from 62.7 euro cents a year earlier. Headline EPS is the key measure of profitability in South Africa and strips out certain one-off and non-trading items. "The packaging paper business was the stand-out performer, benefiting from higher average pricing in all key grades and good volume growth," the company said.

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