| Thu 28 Jul 2011, 9:00 | | MPT - Mpact Limited - Trading statement |
|
MPT
MPT
MPT - Mpact Limited - Trading statement
Mpact Limited
(Incorporated in the Republic of South Africa)
(Registration number 2004/025229/06)
JSE share code: MPT ISIN: ZAE000156501
("Mpact" or "the Company")
TRADING STATEMENT
Mpact was successfully listed as a public company on the main board of the
securities exchange operated by the JSE Limited ("JSE") on 11 July 2011. The
financial results of Mpact (formerly Mondi Packaging South Africa (Proprietary)
Limited) for the six months ended 30 June 2011 are included in the consolidated
Mondi Group interim results for the period ending 30 June 2011, which were
announced today, 28 July 2011. Mpact hereby advises its shareholders of the
key financial results for the six months ended 30 June 2011, which are set out
below:
R `million Six months Six months Half-
ended 30 June ended 30 June year
2011 2010 change
Unaudited Unaudited %
Revenue 3,006.3 2,968.5 1.3%
EBITDA 355.6 332.1 7.1%
Operating profit 192.3 170.9 12.5%
Operating profit increased over the prior year due to improved margins offset to
some extent by lower sales volumes.
Shareholders should take note that in terms of a special resolution passed on 28
April 2011 the number of ordinary shares in issue was increased from 159,950
ordinary shares to 23,192,750 ordinary shares following a share split.
Furthermore, on 5 July 2011 an additional 140,853,726 ordinary shares were
issued to the then shareholders as part of Mpact`s capital restructuring prior
to listing. Consequently the Company listed on 11 July 2011 with 164,046,476
ordinary shares.
On the basis of 164,046,476 issued ordinary shares, shareholders are advised
that headline earnings per ordinary share for the six months ended 30 June 2011
are 0.8 cents compared to a headline loss per ordinary share of 18.4 cents for
the six months ended 30 June 2010. Earnings per ordinary share for the six
months ended 30 June 2011 are 1.0 cent compared to a loss per ordinary share of
19.2 cents for the six months ended 30 June 2010.
It is anticipated that Mpact will release its interim results on SENS on 11
August 2011.
Shareholders are advised that the financial information on which this trading
statement is based has not been reviewed and reported on by the Company`s
external auditors.
Melrose Arch
28 July 2011
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 28/07/2011 09:00:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
