JSE-listed packaging and paper group Mondi has reported a 66% year-on-year increase in underlying earnings before interest, taxes, depreciation, and amortisation (Ebitda) from continuing operations to €942-million for the six months ended June 30. Continuing operations’ net debt at the end of the reporting period was €1.22-billion, down from €1.69-billion as at December 31, 2021, which reflects the group’s strong cash generation capacity, the disposal of Personal Care Components and the ongoing investment in the business, including the increase in working capital.