Edition:
United Kingdom

Nampak Ltd (NPKJ.J)

NPKJ.J on Johannesburg Stock Exchange

1,563.00ZAc
21 Jun 2018
Change (% chg)

-27.00 (-1.70%)
Prev Close
1,590.00
Open
1,576.00
Day's High
1,592.00
Day's Low
1,560.00
Volume
1,186,115
Avg. Vol
1,722,929
52-wk High
2,072.00
52-wk Low
1,264.00

Latest Key Developments (Source: Significant Developments)

Nampak Says HY HEPS Increased By 10 Pct, Restructures Plastics Business
Wednesday, 30 May 2018 

May 30 (Reuters) - Nampak Ltd ::HY HEPS INCREASED BY 10% TO 132.0 CENTS PER SHARE.HY REVENUE INCREASED TO R8.8?BN UP BY 2%.HY TRADING PROFIT INCREASED TO R1.2BN UP BY 7%.HY OPERATING PROFIT DECREASED TO R1.0BN DOWN BY 6%.DEMAND FOR PACKAGING IS EXPECTED TO GROW AT INCREASED RATES IN 2018 AND 2019.CLOSURE OF CAPE TOWN PLANT WILL REMOVE 700 MILLION BEVERAGE CANS' CAPACITY IN THIS MARKET.HY CAPITAL EXPENDITURE FOR PERIOD MORE THAN HALVED TO R206 MILLION FROM R470 MILLION.EUROPEAN BUSINESS BUSINESS IS EXPECTED TO RETURN TO PROFITABILITY DURING 2018 FINANCIAL YEAR.COST SAVINGS FROM RESTRUCTURING PLAN TO BE IMPLEMENTED OVER NEXT 12 - 18 MONTHS SHOULD RESULT IN IMPROVED PROFITABILITY GOING FORWARD.CAPITAL EXPENDITURE FOR FULL YEAR IS EXPECTED TO BE SIMILAR TO, IF NOT BELOW, 2017 YEAR AMOUNT OF R735 MILLION.NO DIVIDEND WAS DECLARED FOR PERIOD AS A CONSEQUENCE OF SIGNIFICANT CASH BALANCES CURRENTLY HELD IN RESTRICTED AREAS.TOP LINE GROWTH IN PLASTICS IS EXPECTED TO REMAIN CHALLENGING.TURNAROUND PLAN HAS BEEN APPROVED WHICH WILL RESULT IN A REDUCTION IN HEADCOUNT OF APPROXIMATELY 300 EMPLOYEES IN PLASTICS.TWO LOW MARGIN PLASTICS BUSINESSES HAVE BEEN EARMARKED FOR DISPOSAL.NAMPAK - EXPLORATORY DISCUSSIONS OF GLASS BUSINESS HELD WITH NUMBER OF STRATEGIC PLAYERS IN PACKAGING INDUSTRY AND FORMAL DISPOSAL PROCESS IS IN INITIAL STAGES.NAMPAK - PROFITABILITY IS EXPECTED TO IMPROVE BY R131 MILLION PER ANNUM, WITH ONCE OFF COSTS OF R106 MILLION ONCE RESTRUCTING OF PLASTICS IMPLEMENTED.  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

Nampak sees FY 2016 capex at 1.3-1.5 bln rand
Tuesday, 27 Sep 2016 

Nampak Ltd : Sees full-year 2016 capital expenditure estimated at r1.3 – r1.5 billion Link to source: (http://bit.ly/2cZwhEU) Further company coverage: [NPKJ.J] (((Bengaluru Newsroom +91 806 749 1136);)).  Full Article

UPDATE 1-South Africa's rand gains as dollar rally eases, stocks lower

* Bourse falls for third day (Updates stocks and rand, adds trader comment)