Mpact’s earnings fall in ‘challenging’ year

In what CEO Bruce Strong described as the “most challenging year” for the group since listing, JSE-listed Mpact’s headline earnings a share for the year ended December 31, decreased to 166.3c, from 252.7c in 2016. Underlying operating profit fell to R457-million from R784-million in 2016, while the company’s earnings fell by 34% year-on-year.