NPK
NPK
NPK - Nampak - Trading Statement
Nampak Limited
(Incorporated in the Republic of South Africa)
Registration number: 1968/008070/06)
ISIN: ZAE000071676
Share code: NPK
("Nampak")
Trading Statement
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited,
a company is required to publish a trading statement as soon as it becomes
aware that its financial results for the period to be reported on next will
differ by 20% or more from those of the corresponding period of the previous
year. Nampak advises that for the six months ended 31 March 2008 its headline
earnings per share are expected to be between 22% and 27% higher than the
87.6 cents per share for the six months ended 31 March 2007 and basic
earnings per share are expected to be between 37% and 42% higher than the
79.3 cents per share in the corresponding period of the previous year. This
is mainly attributable to the release of a provision of R 102.7 million
following the settlement with SARS which was announced on 11 December 2007
and a gain on the fair value of financial instruments of R 104.6 million
before tax.
Nampak expects its trading income for the same period to be between 15% and
20% lower than its trading income for the corresponding period in the
previous year. This is primarily due to difficult trading conditions in
South Africa the impact of not consolidating the results of the Zimbabwean
operations in the current year and a write-off following the discovery of
certain irregularities in Nampak Nigeria Plc.
The results in respect of the reporting period have not been reviewed or
reported on by the Company`s auditors and are expected to be finalised and
published on SENS on 22 May 2008.
Sandton
14 May 2008
Sponsor: UBS (South Africa) (Pty) Limited
Date: 14/05/2008 14:30:00 Produced by the JSE SENS Department.
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