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Britain's DS Smith to book $38 million charge from Ukraine business

Reuters
The logo DS Smith is pictured inside the carboard box manufacturing company DS Smith Packaging Atlantique in La Chevroliere

(Reuters) - British cardboard maker DS Smith expects to book a one-off charge of 30 million pounds ($37.6 million) to account for losses from its Ukrainian business following Russia's invasion.

The FTSE 100 company on Thursday forecast annual adjusted operating profit of 605 million-615 million pounds, compared with 502 million pounds a year earlier, supported by higher sales and price hikes that helped offset rising costs.

($1 = 0.7990 pounds)

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Sherry Jacob-Phillips)