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Mpact up on upbeat trading outlook

Jan 24 2013 10:23
Reuters

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Mondi sees higher earnings

 

Johannesburg - Shares of Mpact [JSE:MPT] rose more than 2% after the packaging firm says it expects headline earnings per share for the year to the end of December to rise by more than 20% due to improved trading and lower finance costs.

Mpact‚ which listed on JSE in July 2011 following a demerger from Mondi‚ said it would issue a further trading statement in due course.

At 07:47 GMT, Mpact is up 1.59% at R19.79, outperforming a 0.38% rise in the JSE All Share [JSE:J203] index.     

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