• Change of culture needed

    The right leadership will help SA shed its culture of violence, says Mandi Smallhorne.

  • 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

Loading...
See More

Nampak lifts profit on robust Africa

Nov 21 2012 16:07 Reuters

Related Articles

Nampak lifts earnings, but disappoints

Can perform

New package on the block

Nampak lifts profit, shares rise

Nice looking package

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
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Top 10 richest musicians of all time

Check out the gallery to find out who they are!

 
 

Luxury living

10 of the most expensive things that will leave your jaw hanging!
Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it

Money Clinic

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

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote

Loading...