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Mpact FY16 earnings fall amid tough trading conditions

By:  
Contributing Editor Online
 
RECYCLING
Challenging trading conditions, along with higher recovered paper costs, lower containerboard sales, a higher effective tax rate and finance costs and a loss in its Mpact Polymers business, negatively impacted on JSE-listed Mpact’s results for the 2016 financial year. Headline earnings a share fell to 242c for the year ended December 31, down from 365.8c in 2015.
 
 
 
 
 

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