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Cape Town - Nampak [JSE:NPK] CEO Andrew Marshall said on Thursday that investing in Africa has proved to be the right strategy as the group reported an increase in revenue for the year ended September.
The packaging group recorded an 11% increase in revenue to R18.3bn.
Operating profit from continuing operations increased by 8% to R1.9bn.
Earnings per share increased by 13% and headline earnings per share increased by 8%.
Trading income from the group's Africa operations increased by 60% to R506m on revenue growth of 32%.
Including exports from South Africa, the rest of Africa now accounts for 36% of the group’s total trading profit.
"I remain very bullish on the group’s outlook in both South Africa and Africa,” said Marshall.
He said there are there are tremendous growth opportunities on the continent and that Nampak is well-placed to pursue them.
- Fin24
The packaging group recorded an 11% increase in revenue to R18.3bn.
Operating profit from continuing operations increased by 8% to R1.9bn.
Earnings per share increased by 13% and headline earnings per share increased by 8%.
Trading income from the group's Africa operations increased by 60% to R506m on revenue growth of 32%.
Including exports from South Africa, the rest of Africa now accounts for 36% of the group’s total trading profit.
"I remain very bullish on the group’s outlook in both South Africa and Africa,” said Marshall.
He said there are there are tremendous growth opportunities on the continent and that Nampak is well-placed to pursue them.
- Fin24
