JSE-listed paper and plastics packaging business and recycler Mpact recorded a 3.6% year-on-year increase in revenue to R12.8-billion for the financial year ended December 31, 2023. Its underlying operating profit also increased to R1.21-billion, from R1.16-billion in the 2022 financial year. The operating profit increase was primarily as a result of a recovery in margins, and some of its recently completed projects, despite sales volumes decreasing by 10.7%.