Mpact delivers strong performance in 2020, despite challenges

By delivering its proven strategy of securing leading market positions and focusing on customers and performance, paper, packaging and recycling company Mpact delivered a strong financial performance with record cash flows from operations of R1.9-billion and a reduction in net debt to R1.4-billion for the year ended December 31, 2020. Underlying earnings a share for the year increased by 4.6% to 201c, while the successful repurchase of 14.5% of the company’s issued shared returned R345-million to shareholders.

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