Mpact revenue negatively affected by financial performance

The factors that negatively impacted on the interim results of the JSE-listed Mpact Group for the six months ended June 30 continue to adversely affect the group for the year ending December 31, the paper and plastics packaging group said in a statement on Monday. These factors include lower sales of containerboard owing to certain Mpact customers acquiring their own paper mills, a higher effective tax rate, higher finance costs and losses incurred at Mpact Polymers.