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MPAC picks up steam heading into the New Year


AIM-listed packing specialist MPAC (LON:MPAC) has announced that sales and pre-tax profits for the year ended 31st December were in line with expectations. The company also said that it had a strong order book heading into 2019 and believes that growth will continue in the current year.

Chief executive Tony Steels commented: “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.

The price of MPAC shares surged by 20.30% to 131.13p (as of 13:45 GMT).

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