Mpac Group – FY22 ‘in line with expectations and encouraging outlook’. Is it?
By Steve Moore | Monday 16 January 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Packaging and automation group Mpac (MPAC) has issued a “full year trading update” headlined “FY22 trading performance in line with market expectations and encouraging outlook for FY23”. However, I previously wrote on the group in July including noting profit “significantly below” expectations. Hmmm!
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