Last 2,703
Change Today +70.00 / 2.66%
Volume 264.2K
MPT On Other Exchanges
Symbol
Exchange
Johannesburg
Berlin
As of 11:00 AM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

mpact ltd (MPT) Snapshot

Open
$2,744
Previous Close
$2,633
Day High
$2,760
Day Low
$2,636
52 Week High
11/29/13 - $2,819
52 Week Low
06/24/13 - $2,250
Market Cap
4.4B
Average Volume 10 Days
493.4K
EPS TTM
$2.33
Shares Outstanding
163.6M
EX-Date
05/2/14
P/E TM
11.6x
Dividend
$80.00
Dividend Yield
2.66%
Current Stock Chart for MPACT LTD (MPT)

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mpact ltd (MPT) Details

Mpact Limited manufactures and sells paper and plastic packaging products primarily in South Africa. It operates through Paper and Plastics segments. The company offers recycled-based packaging and industrial paper grades, such as containerboard and carton board; and a range of printed and unprinted converted corrugated products comprising boards, which are used to manufacture corrugated packaging, corrugated boxes, die-cut cases, folded glued cases, trays, and point-of-sale displays. It recycles paper through various recovered paper sources, including pre- and post-consumer material sourced through a multitude of paper pickup programmes. In addition, the company manufactures various plastic packaging products, including polyethylene terephthalate (PET) preforms, bottles, and jars; closures for carbonated soft drinks and water; and plastic jumbo bins, wheelie bins, and plastic crates. Further, it offers plastic fast moving consumer goods containers, such as bottles, jars, and closures; and styrene and PET trays, fast food containers, and clear plastic films. The company manufactures plastic packaging products for the food, beverage, personal care, homecare, pharmaceutical, agricultural, and retail markets. Mpact Limited is based in Johannesburg, South Africa.

3,998 Employees
Last Reported Date: 03/4/14

mpact ltd (MPT) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: R5.4M
Chief Financial Officer and Executive Directo...
Total Annual Compensation: R3.7M
Managing Director of Corrugated Division
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

mpact ltd (MPT) Key Developments

Mpact Limited Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2013; Declares Final Gross Cash Dividend, Payable on May 12, 2014

Mpact Limited announced audited consolidated earnings results for the year ended December 31, 2013. For the quarter, the company reported revenue of ZAR 7,697.8 million against ZAR 6,820.8 million a year ago, attributable mainly to volume growth in the Plastics business and higher average selling prices. External sales volume growth of 4.0% was achieved during the year. Operating profit was ZAR 652.4 million against ZAR 578.7 million a year ago, primarily as a result of stringent cost control and a favorable product mix. Profit before taxation was ZAR 548.0 million against ZAR 459.5 million a year ago. Profit for the year attributable to equity holders was ZAR 397.6 million against ZAR 321.5 million a year ago. Diluted EPS was 230.5 cents against 187.9 cents a year ago. Net cash inflows from operating activities were ZAR 688.6 million against ZAR 834.5 million a year ago. Replacement of property, plant and equipment was ZAR 387.4 million against ZAR 362.5 million a year ago. Net debt at 31 December 2013 was ZAR 1,116 million, an increase of ZAR 60 million from the prior year after capital expenditure of ZAR 387 million and acquisitions of ZAR 84 million. Diluted headline earnings per share EPS was 231.3 cents against 186.9 cents a year ago. The Board of Mpact Limited has declared a final gross cash dividend of 58 cents per ordinary share payable on May 12, 2014. In terms of the Income Tax Act, the dividend has been declared from income reserves; the Dividend Withholding Tax rate is 15%. Record date is May 9, 2014.

Mpact Announces Executive Changes

Mpact announced the appointment of Neelin Naidoo as Managing Director of its Plastics business with effect from November 1, 2013. He has over 30 years' experience in the packaging industry. He is a member of the Packaging Council of South Africa and joins Mpact from MCG Industries Proprietary Limited where his last position was that of CEO. Neelin replaces Ray Crewe-Brown, who has retired from the Group.

Mpact Limited Reports Consolidated Unaudited Earnings Results for the Six Months Ended June 30, 2013

Mpact Limited reported consolidated unaudited earnings results for the six months ended June 30, 2013. For the period, the company reported revenue of ZAR 3,519.5 million compared with ZAR 3,209.8 million for the same period last year. Operating profit was ZAR 235.9 million compared with ZAR 216.9 million for the same period last year. Profit before tax was ZAR 180.3 million compared with ZAR 155.4 million for the same period last year. Profit for the period from continuing operations was ZAR 128.8 million compared with ZAR 106.6 million for the same period last year. Profit attributable to Equity holders of Mpact was ZAR 126.1 million or 76.5 cents diluted per share compared with ZAR 100.6 million or 61.3 cents diluted per share for the same period last year. Net cash outflows from operating activities was ZAR 29.7 million compared with net cash inflow from operating activities ZAR 210.4 million for the same period last year. Investment in property, plant and equipment was ZAR 206.7 million compared with net cash inflow from operating activities ZAR 165.7 million for the same period last year. Group revenue is 9.7% higher than the comparable prior period, attributable mainly to volume growth in the Plastics business and higher average selling prices. External sales volumes increased by 2.5% over the same period last year. Underlying operating profit increased by 6.1% to ZAR 236 million. The under recovery of raw material price increases led to the operating profit margin decreasing to 6.7% from 6.9% in the comparable prior year period. Underlying earnings per share improved by 20.9% to 77.0 cents compared to the prior period as a result of the increase in operating profit, lower finance costs and a lower effective tax rate. Net debt at 30 June 2013 was ZAR 1,482 million, an increase of R100 million from 30 June 2012. The increase in net debt is due primarily to working capital outflows at the end of June 2013. Average net debt was 4.3% lower than the comparable prior year period.

 

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