[LISTEN] 'There is still quite a lot that could be done to reduce packaging and increase its utility and protective ability at lower weights,' – Mpact CEO - Bruce Strong on MoneywebNow with SimonPB. Download the podcast below. Moneyweb MpactResults
SIMON BROWN: I’m chatting with Bruce Strong, CEO of Mpact. Results out for the year to end December: revenue up 7.1%, headline earnings per share up 25.3%, and the dividend for the year up 130% at 115 cents. Bruce, I appreciate your time.
SIMON BROWN: You’ve currently got 9.4 megawatts and you’re adding to that. Is there a cost advantage to the solar? SIMON BROWN: Your clients – load shedding obviously hits them to a fair degree. Are you seeing any hit there? You mentioned that you’re actually seeing improved demand from QSRs . And then changing consumer patterns also play into our business to a large extent because we’re seeing a lot more home deliveries for online shopping – the likes of the big retailers delivering to homes. So we don’t only make the bags for those home deliveries, we also make the paper that’s used for those bags, and we also collect the waste paper that’s used to make the paper that’s used to make those bags. [Simon chuckling]. And so that in essence is our circular-economy business model.
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