Please note that some articles contained in this section of the website have been selected from articles published by the media. The facts and opinions expressed therein are those reported by the journalist and publication and therefore may not necessarily reflect those reported by the Company.
Business Live Mpact’s first-half headline earnings — up 33% — belie the fact that sales volumes actually went backward, while debt rose to more than R2.6bn. But some canny investments, and a little luck, have cushioned the packaging group from the worst of the knocks and bangs. The FM spoke to CEO Bruce Strong.
IOL Mpact, the largest paper and plastics packaging business and recycler in Africa that lifted operating profit a sturdy 37% to R530.7 million for the six months to June 30, continues to optimise its portfolio to sell higher value products in sectors of growing demand.
Higher selling prices in Mpact’s paper business, coupled with increased profitability in the plastics unit, gave the packaging group’s interim performance a boost. Mpact grew headline earnings per share 33% and hiked its dividend nearly 13%.
News24 Paper and plastics group Mpact, which is subject to load curtailment rather than load shedding, says it can now largely deal with up to Stage 6 load shedding.
Business Live Packaging and recycling group Mpact CEO Bruce Strong is unfazed by the company’s high levels of debt, saying it is confident of returns from recent investments made into its plastic business, while also making good progress on cost-improvement initiatives.
Lesprom Mpact to upgrade neutral sulphite semi-chemical pulping line at Mkhondo Paper Mill in South Africa
BusinessDay The group is making headway in its simplification and optimisation strategy, saying the sales will allow it to stabilise the balance sheet and reduce interest-bearing debt
Moneyweb There is still quite a lot that could be done to reduce packaging and increase its utility and protective ability at lower weights – CEO Bruce Strong.
IOL Mpact, which yesterday reported a strong financial performance in the year to December 31, will focus on organic projects to extend its products and services, and generate sustainable energy, CEO Bruce Strong said yesterday.
News24 Africa's largest paper and packaging group Mpact has more than doubled its dividend payout for 2022, boosted by robust demand for paper and plastics in SA, as well as its ongoing energy rollout.
News24 Africa's largest paper and plastics packaging group Mpact says it's upbeat about its prospects even as tough economic conditions weigh on consumer spending. After more than doubling its dividend in 2022, it is eyeing continued tailwinds including SA's strong fruit exports, as well the ongoing shift to home deliveries by increasingly environmentally conscious consumers.
News24 The Competition Tribunal has rejected a merger between paper and packaging groups Neopak and Corruseal, in a case that had led to interventions by industry peers Mpact and APL Cartons.