Companies / Trade & Industry

News Leader

WATCH: What weighed on Mpact’s balance sheet

Mpact CEO Bruce Strong talks to Business Day TV about the company’s interim results

06 August 2020 - 08:31 Business Day TV
Mpact CEO Bruce Strong. Picture: SUPPLIED
Mpact CEO Bruce Strong. Picture: SUPPLIED

Mpact has reported an 84.2% plunge in half-year underlying earnings per share amid electricity disruptions and Covid-19 restrictions, but the group is optimistic that demand for some of its products will pick up in coming months.

Business Day TV discussed the numbers with CEO Bruce Strong.

Or listen to the full audio:

Subscribe for free episodes: iono.fm | Spotify | Apple Podcasts | Pocket Casts | Player.fm

Mpact’s profits fall as Covid-19, electricity outages and alcohol ban affect operations

Much of the packaging group’s operations have continued as an essential service, and despite the fall it anticipates demand to climb soon
Companies
1 month ago

Mpact warns of profit slump amid electricity disruptions

Failure of a municipal substation in Ekurhuleni cost one of its mills 22 days of production, and R27m
Companies
1 month ago

Mpact warns of profit hit from Covid-19

The packaging group largely operated as an essential service during the lockdown, but the pandemic has had an effect on demand
Companies
3 months ago

Relief plan set up for waste pickers during lockdown

The local packaging industry including Packaging SA, Mpact and Fibre Circle  has offered financial support worth R785,000 to assist waste pickers
National
5 months ago

Mpact delays R73m in dividend payments due to Covid-19

Dividends meant to be paid by the packaging company in April will now be paid in September
Companies
6 months ago

Would you like to comment on this article or view other readers' comments?
Register (it’s quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Most read

1.
Tongaat’s revival plans get major boost with ...
Companies / Land & Agriculture
2.
In a game of what-if, how much longer could ...
Companies
3.
Woolworths embarks on strategic overhaul of ...
Companies / Retail & Consumer
4.
CEO Chris Schutte will be out of action, says ...
Companies / Industrials
5.
Hyprop looks to Eastern Europe for growth
Companies / Property

Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.