Jefferson Smurfit Corporation (JSC), the 46.5 per cent associate of the Jefferson Smurfit Group, is looking for better results in the second half of this year, following reduced losses in the second quarter. "We should benefit from an improving market climate, strong volume and higher product prices, offset in part by higher fibre costs," Mr Richard Graham, president and chief executive officer, said.
The $3 million (£2 million) loss before tax in the second quarter of 1997, announced yesterday, was lower than expected it. It was down from the $8 million loss in the previous quarter. Page 2