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Share Price Information for Mpac Group Plc (MPAC)
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Share Price:
502.00
Bid:
500.00
Ask:
504.00
Change:
-27.00 (-5.10%)
Spread:
4.00 (0.80%)
Open:
529.00
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529.00
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502.00
Prev. Close:
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Don't have an account? Click here to register.Mpac expects profits to meet expectations following strong end to trading year
Mon, 07th Jan 2019 11:26
(Sharecast News) - Packaging solutions firm Mpac anticipates its annual pre-tax profits and sales will come in line with expectations following a strong end to the trading year.Mpac saw sales growth continue to accelerate in the second half of the year as a result of several new products being launched, boosting orders and providing it with a platform for continued growth in 2019.The AIM-listed outfit also said "considerable progress" had been made in delivering on its strategic priorities and in resolving two "technically challenging legacy contracts".Chief executive Tony Steels said: "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."As of 1125 GMT, Mpac shares had shot up 11.93% to 122p.
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