MPACT’s full year revenue is up to R10.6bn

Packaging manufacturer Mpact's reported a 47% surge in underlying operating profit driven by an upgrade
of its Felixton paper mill, lower recovered paper prices and increased corrugated packaging sales.

The company expects further improvement in the paper business but warns that the introduction of a carbon tax and higher electricity prices will weigh in the short-term.

Mpact CEO Bruce Strong spoke to Business Day TV about the company’s numbers