NPK
NPK
NPK - Nampak Limited - Trading Statement
Nampak Limited
(Incorporated in the Republic of South Africa)
Registration Number: 1968/008070/06)
ISIN: ZAE000071676
Share Code: NPK
("Nampak" or "the Company")
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 reasonably certain 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 is in the process of finalising its results for the six months ended
31 March 2011 and these results are expected to be published on SENS on 25
May 2011. Nampak advises that for the six month period to 31 March 2011, its
headline earnings per share and earnings per share from continuing
operations are expected to be between 20% and 40% higher than the 72.8 cents
per share and 75.9 cents per share respectively for the six months ended 31
March 2010. The increased earnings are due mainly to improved results from
our flexibles, diversified canning and African operations, the turnaround or
sale of non-performing operations and a reduction in finance charges due to
lower gearing.
Discontinued operations comprise the Nampak Cartons and Healthcare
operations in the UK and Europe which were sold effective 28 February 2011,
the loss on disposal of which is included in earnings per share from
continuing and discontinued operations. Headline earnings per share from
continuing and discontinued operations are expected to be between 20% and
40% higher than the 77.9 cents per share for the six months ended 31 March
2010. Earnings per share from continuing and discontinued operations are
expected to be between 30% and 50% lower than the 80.9 cents per share for
the six months ended 31 March 2010.
The above information has not been reviewed or reported on by the Company`s
external auditors.
Sandton
10 May 2011
Sponsor: UBS (South Africa) (Pty) Limited
Date: 10/05/2011 12:28:02 Produced by the JSE SENS Department.
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