Tag: Bruce Strong
Mpact has released its interim results for the six months ended 30 June 2020. The paper and plastics packaging business and recycler reported a fall of 1.4 per cent in revenue, as a result of electricity outages and COVID-19 regulations. Mpact CEO, Bruce Strong joins CNBC Africa for more.
Mpact, the paper and plastics packaging business, has found the company's demands from across all its businesses to be quite challenging. The group has sunk into a loss of R880.4m from a profit of R317m previously. Mpact CEO, Bruce Strong joins CNBC Africa for more.
Paper and plastics group Mpact is reporting a revenue jump of 4.2 per cent to R5.2 billion for their interim period ended June. Underlying earnings per share are also up 25.1 per cent to 39.4 cents. Joining CNBC Africa for more is Bruce Strong, Chief Executive Officer of Mpact.
Mpact expects future profits to be impacted by the carbon tax and higher electricity and water prices. The paper and plastics manufacturer reported a 25 per cent jump in underlying earnings per share despite pressures from the sugar tax and drought. Mpact CEO, Bruce Strong joins CNBC Africa to unpack the numbers.