OF 2011

A landmark year for Mpact, 2011’s highlight was our transition from being a subsidiary of the Mondi Group to our listing as an independent entity on the main board of the JSE.

  • Listed on the JSE on 11 July 2011
  • Demerged from Mondi, launched Mpact and completed the rebranding of operations 2011
  • Underlying operating profit up 6.4% to R517 million
  • Return on capital employed (ROCE) of 13.8%
  • Underlying earnings per share increased to 102.9 cents per share from 24.3 cents
  • Gearing down to 35% from 96% in prior year
  • Maiden cash dividend declared of 40 cents per share
  • Revenue up 7.5% on prior year to R6,149 million (excluding Paperlink)
  • Net debt lower at R1.3 billion following the re-capitalisation in July 2011, prior to listing
  • Several senior appointments made to strengthen our management team
  • Won the overall Gold Pack Trophy and several other product awards during 2011