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MPAC Group PLC Ord 25P (MPAC)

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30-Mar-2021 08:04 AM

Mpac profit falls as pandemic hits sales; sees recovery in second half

Packaging company Mpac reported a 46% fall in annual profit as the pandemic hit sales, though demand rebounded in the second half. Pre-tax profit for the year through December decreased to £2.9 million, down from £5.4 million year-on-year, as
03-Sep-2020 09:35 AM

Mpac sees lower H1 revenue and reduced order intake; no interim dividend

Packaging company Mpac has reported lower revenue and pre-tax profit in the first half as order intake fell while customers delayed investment in projects. The company announced revenue in the six months to 30 June 2020 was £36.8m, a 20% reduction
08-Jul-2020 07:31 AM

Mpac order book grows heading into second half of 2020

Packaging company Mpac said its order book going into the second half of 2020 remained strong, with no orders cancelled due to the Covid-19 pandemic. The company's order book at 30 June was worth £45.4m, up from £39.9m on-year. 'Gl
06-May-2020 07:53 AM

Mpac says well positioned to meet liquidity requirements amid Covid-19 crisis

Packaging company Mpac said its cash generation in the first quarter was in line with expectations, though prior to the onset of the Covid-19 pandemic. 'We have taken measures to preserve cash, to defer discretionary spend and are utilising governme
04-Mar-2020 09:04 AM

Mpac back in the black; reinstates dividend

Packaging company Mpac swung to a full-year profit and reinstated its dividend as restructure efforts took hold. Pre-tax profit for the year through December amounted to £5.4m, compared to a loss of £7.4m on-year. Revenue rose 52% to £8
08-Jan-2020 08:07 AM

Mpac Group announces further trading performance upgrade for 2019

Packaging company Mpac Group has said it expects to report full-year trading performance ahead of upgraded expectations, following a strong order intake in the fourth quarter and accelerated project execution. In a pre-close trading update for the year e
16-Jul-2019 07:22 AM

Mpac sees annual profit 'significantly' ahead of market forecasts

Packaging company Mpac Group said current trading was ahead of its expectations and that it expected to post a full-year result 'significantly' ahead of current market forecasts. Momentum gained in the latter months of 2018 had continued into t
05-Mar-2019 09:29 AM

Mpac swings to loss as pension costs weigh

Packing company Mpac Group swung to an annual loss owing to one-off pension costs, though its underlying earnings rose. Pre-tax losses for the year through December amounted to £7.4m, compared to a profit of £4.3m on-year. Underlying pre-tax
07-Jan-2019 07:45 AM

Mpac sees profit in line with expectations; makes progress on problem contracts

Packaging company Mpac Group said it expected to post annual revenue and profits in line with market expectations, as sales growth continued in the second half. One 'technically challenging' legacy contract in the UK had been resolved, while an
18-Jul-2018 09:49 AM

Mpac downgrades profit guidance, blaming Brexit uncertainty

Packaging company Mpac Group downgraded its profit guidance after customers deferred purchasing decisions and it worked to complete two 'technically challenging' legacy contracts. Pre-tax profit for the six months through June would now be arou
19-Apr-2018 08:08 AM

Mpac chairman steps down

Mpac, the global packaging solutions group, will announce today that its chairman Phil Moorhouse is stepping down from the board and ceasing to be a director for personal reasons. Andrew Kitchingman will be appointed as chairman with immediate effect and
06-Mar-2018 09:23 AM

Mpac swings to profit after narrowing focus to heathcare, food packaging

Packaging group Mpac swung to a profit after it sold an asset and narrowed its focus to the healthcare, food and beverages sectors. Pre-tax profit of £4.3m compared to a £3.1m loss in 2016. The company did not declare a final dividend. &apo

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