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
Nampak advises that for the year ended 30 September 2011, its headline
earnings per share from continuing operations are expected to be between
15% and 25% higher than the 142.2 cents per share for the year ended 30
September 2010 and earnings per share from continuing operations are
expected to be between 20% and 30% higher than the 130.9 cents per
share.
The increased earnings are due mainly to improved results from the
diversified canning, corrugated and flexible operations, the turnaround
or sale of underperforming operations and a reduction in finance charges
due to lower gearing.
Headline earnings per share from continuing and discontinued operations
are expected to be between 15% and 25% higher than the 149.7 cents per
share for the year ended 30 September 2010. Earnings per share from
continuing and discontinued operations are expected to be between 20%
and 30% lower than the 140.5 cents per share for the year ended 30
September 2010 and is due to the loss on the sale of the European
folding cartons and healthcare businesses which were sold effective 28
February 2011.
The above information has not been reviewed or reported on by the
Company`s external auditors.
The financial results for the year ended 30 September 2011 are expected
to be released on or about 23 November 2011.
Sandton
7 November 2011
Sponsor: UBS (South Africa) (Pty) Limited
Date: 07/11/2011 14:07:15 Produced by the JSE SENS Department.
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