Mpact CEO Bruce Strong not worried by higher debt levels
Paper and plastics packaging group says lower sales were more than offset by higher prices
03 August 2023 - 11:57
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.
The company reported on Thursday its net debt had increased R300m to R2.6bn, while the group has a market capitalisation on the JSE of just R4.1bn...
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