• Fin24's biz quiz

    Test your business news in 30 seconds with this Fin24 quiz.

  • Inside Labour

    Brexit should send warning signals to worker organisations everywhere, says Terry Bell.

  • Racial redress

    The next adult generation is at risk of being polarised on the basis of skin colour, says Solly Moeng.

All data is delayed
Loading...
See More

Nampak lifts profit on robust Africa

Nov 21 2012 16:07
Reuters

Company Data

NAMPAK LIMITED [JSE:NPK]

Last traded 20
Change 1
% Change 6
Cumulative volume 3215156
Market cap 0

Last Updated: 01-07-2016 at 04:37. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Nampak lifts earnings, but disappoints

Shuffling along nicely

 
Johannesburg - Packaging firm Nampak [JSE:NPK], reported a 14.3% rise in full-year profit helped by a lower tax rate and a robust performance outside its mainstay South African market.

Johannesburg-based Nampak, which also makes plastic milk bottles in Britain and Ireland, said diluted headline EPS totalled 194.4 cents in the year to end-September.

That fell short of the 203 cents forecast by Starmine SmartEstimates.

Headline EPS, the primary measure of profit in South Africa, exclude certain one-off items.

Sales increased 11.5% to R17.6bn with sales from the rest of Africa surging 61%.

Nampak is on a major expansion drive across the poor but fast growing continent, where it has said it could spend nearly $500m to boost sales contribution to 35% by 2015 from about 12% now.

"The strategy of investing in our core businesses in South Africa and growing and investing in businesses across Africa over the last three years is expected to enable the group to further improve on performance in 2013," the company said in a statement.

Shares in the company, which are up about 30% so far this year, rose 1.1% to R29.42 by 12:12.
nampak

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Labour’s call for a cap on salary of high earners is?

Previous results · Suggest a vote

Loading...