Mpact to report lower interim earnings

JSE-listed Mpact has reported that, despite a weak macroeconomic backdrop, only partly mitigated by lower inflation and interest rates compared with the same period last year, Mpact’s paper converting and plastics businesses delivered volume and profitability growth for the six months ended June 30. In a trading statement, Mpact says this reflected progress on strategic development projects focused on growth sectors, supported by investments in innovative, higher-margin and sustainable products.

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