Mpact forecasts profit improvement

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Paper and plastic packaging group Mpact (MPT) expects its headline earnings per share in the six months to June 2012 to be between 58.3 cents and 64.1 cents‚ from 0.8 cents in the same period a year ago.

Earnings per share are anticipated to be between 58.4 cents and 64.2 cents‚ from 1.0 cent previously.

The increase in earnings per share over the comparable prior period is due primarily to lower finance costs attributable to the recapitalisation of the company prior to listing in July 2011.

The interim results are expected on September 6. - I-Net Bridge

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