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United States

Nampak Ltd (NPKJ.J)

NPKJ.J on Johannesburg Stock Exchange

1,422.00ZAc
18 Jan 2019
Change (% chg)

-38.00 (-2.60%)
Prev Close
1,460.00
Open
1,500.00
Day's High
1,500.00
Day's Low
1,385.00
Volume
621,004
Avg. Vol
931,681
52-wk High
1,788.00
52-wk Low
1,262.00

Latest Key Developments (Source: Significant Developments)

Nampak Reports FY HEPS Of 168.7 Cents Per Share
Tuesday, 27 Nov 2018 12:05am EST 

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 08:00am EST 

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 reports HY HEPS of 113.1 cents up 8 pct
Tuesday, 30 May 2017 08:20am EDT 

May 30 (Reuters) - Nampak Ltd ::HY headline earnings per share of 113.1 cents up 8 pct.Nampak has decided not to declare an interim ordinary dividend​.HY group revenue of 9.3 bln rand, down 1 pct with foreign operations results impacted by a 10 pct stronger average ZAR/USD exchange rate.HY net profit for period of 853 mln rand up 41 pct.Whilst group experienced ongoing currency volatility,liquidity constraints in Angola and Nigeria, situation continued to be monitored closely​.HY Nigeria and Angola risk and exposure successfully managed cash extraction rate at 80 pct and 61 pct of in country cash balances hedged.medium to long term outlook for packaging in key African markets remains favourable, underpinned by expected growth in household consumption​.Expected that consumers in key trading markets will remain under pressure for rest of year with a concomitant negative impact on sales volumes.  Full Article

Nampak says performance continued to improve in five months to Feb
Wednesday, 15 Mar 2017 02:41am EDT 

Nampak Ltd : Operational performance has continued to improve in five months to end February 2017 . Cannot rule out further impacts resulting from exchange rate fluctuations . Sluggish growth and low consumer confidence in key markets continue to impact consumer spending and hence demand for packaging . Capital expenditure for full year is expected at between 0.8 billion rand - 1.0 billion rand . Improving commodity prices and a narrowing in current account deficit are expected to support a modestly higher growth rate in 2017 . South African consumer will remain under pressure which will have a concomitant negative impact on sales volumes for rest of year . Currency volatility and liquidity constraints are expected to remain in short to medium term .Board will consider appropriateness of paying a dividend this year.  Full Article