Edition:
India

Nampak Ltd (NPKJ.J)

NPKJ.J on Johannesburg Stock Exchange

955.00ZAc
14 Jun 2019
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5.00 (+0.53%)
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Latest Key Developments (Source: Significant Developments)

Nampak Announces Further Cautionary Announcement With Respect To Potential Disposal Of Glass Business
Wednesday, 29 May 2019 

May 29 (Reuters) - Nampak Ltd ::FURTHER CAUTIONARY ANNOUNCEMENT WITH RESPECT TO THE POTENTIAL DISPOSAL OF NAMPAK‘S GLASS BUSINESS.NEGOTIATIONS ARE STILL IN PROGRESS WITH PREFERRED BIDDER IN RESPECT OF POTENTIAL DISPOSAL OF NAMPAK GLASS BUSINESS.PARTIES REMAIN FULLY COMMITTED TO CONCLUSION OF TRANSACTION.  Full Article

Nampak Reports FY HEPS Of 168.7 Cents Per Share
Tuesday, 27 Nov 2018 

Nov 27 (Reuters) - Nampak Ltd ::FY GROUP REVENUE OF R17.3BN MARGINALLY DOWN BY 1%.FY HEPS INCREASED BY 15% TO 168.7 CENTS PER SHARE.FY PROFIT INCREASED TO R1.2BN UP BY 29%.GROUP PERFORMANCE WAS "PLEASING" IN A TOUGH ECONOMIC ENVIRONMENT IN MOST OF GEOGRAPHIES IN WHICH CO OPERATES.PLASTICS IN UNITED KINGDOM DELIVERED PROFITABILITY AS PROMISED.PLASTICS SOUTH AFRICA HAD A TOUGH YEAR DUE TO A VERY COMPETITIVE LANDSCAPE.DEMAND IN S AFRICA WAS UNDER PRESSURE, BUT OPERATIONAL EFFICIENCIES PAID OFF RESULTING IN TRADING FY MARGINS BEING MAINTAINED AT 8.6%.BOARD MADE DECISION IN FIRST HALF TO DISPOSE OF GLASS DIVISION RESULTING IN DIVISION BEING CLASSIFIED AS A DISCONTINUED OPERATION.PROPOSED SALE OF GLASS DIVISION IS PROCEEDING AS PLANNED AND ACCORDING TO SCHEDULE.IN SECOND HALF, BOARD ALSO MADE DECISION TO DISPOSE OF CRATES AND DRUMS BUSINESSES.NAMPAK REMAINS VERY POSITIVE ABOUT BUSINESS PROSPECTS IN NIGERIA.WILL FOCUS ON EXPANDING ITS PRODUCT OFFERING BY INVESTING IN A NEW BEVERAGE CAN SIZE IN NIGERIA.WILL CONTINUE TO FOCUS ON IMPROVING OPERATIONAL EFFICIENCIES IN ORDER TO MITIGATE DEMAND PRESSURES IN S AFRICA.BOARD HAS DECIDED NOT TO RESUME DIVIDENDS TO SHAREHOLDERS.NAMPAK - DECISION TO NOT RESUME DIVIDENDS UNTIL SUSTAINABILITY OF CASH TRANSFERS FROM ANGOLA & ZIMBABWE IS ASSURED, DISPOSAL OF GLASS UNIT IS FINALISED.  Full Article

Nampak Ltd says ‍FY HEPS Increased By 15 pct To 123.8 Cents Per Share​​
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Nampak Ltd ::FY ‍GROUP REVENUE OF R18.8BlN DOWN BY 2%​.‍FY HEPS INCREASED BY 15% TO 123.8 CENTS PER SHARE​.‍NO ORDINARY DIVIDEND DECLARED IN LINE WITH CASH CONSERVATION STRATEGY​.FY ‍TRADING PROFIT INCREASED TO R2.0BN UP BY 3%​.RESULTS HAVE ALSO BEEN NEGATIVELY IMPACTED BY A NUMBER OF SIGNIFICANT ABNORMAL ITEMS​.‍IN ANTICIPATION OF DELAYED SUGAR TAX LEGISLATION, WORKING CLOSELY WITH CUSTOMERS TO ASSESS IMPACT ON THEIR BUSINESSES, HOW THIS WILL CHANGE PACKAGING REQUIREMENTS​.  Full Article