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LONDON (Alliance News) - Mpac Group PLC said Monday it expects annual pretax profit and sales for 2018 to be in line with market views after a strong end to the year.
The packaging solutions provider said that sales growth continued in the second half, helping the company end the year of a good note with strong orders, which will provide a platform for continued growth in 2019.
"I am pleased to report a strong end to 2018 with a strong closing orderbook. The second half saw us secure a number of new contract wins that support the strategic objectives that we have put in place. We are well on the way to finalising the remaining legacy contract, and I am confident that we are back on track with a good platform for growth," Chief Executive Officer Tony Steels said.
Mpac shares were trading up 10% at 119.75 pence each.
