Advertise with fastmoving.co.za
 
 

Nampak forecasts higher profits
Nampak forecasts higher profits

Nampak forecasts higher profits

FMCG SUPPLIER NEWS

IOL Business - Nov 8th 2011, 08:59

Packaging group Nampak (NPK) advised on Monday that its headline earnings per share for the year ended September 2011 from continuing operations, are expected to be between 15% and 25% higher than the 142.2 cents per share in 2010. 

The group expected earnings per share from continuing operations to be between 20% and 30% higher than the 130.9 cents per share previously.

The increased earnings, Nampak said, were 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.

HEPS from continuing and discontinued operations were expected to be between 15% and 25% higher than the 149.7 cents per share for the year ended September 2010.

EPS from continuing and discontinued operations were seen between 20% and 30% lower than the 140.5 cents per share in 2010, due to the loss on the sale of the European folding cartons and healthcare businesses which were sold effective February 28, 2011.

Nampak expects to publish its results on about November 23. - I-Net Bridge  

Read more about: | profit | earnings | packaging | nampak

Related News

British American tobacco to cut more than 2000 jobs
12/09/2019 - 10:28
British American Tobacco plans to cut 2 300 jobs around the world, the company announced.

Fabric softener brand ordered to change name after Sta-Soft complaint
12/09/2019 - 09:01
A local fabric softener brand has been ordered to change its labelling after the advertising regulatory board found that its use of the word "soft" was imitating rival brand Sta-Soft.

Multi-million rand Rustenburg Mall underway
09/09/2019 - 11:07
Rustenburg shoppers can look forward to a brand new shopping centre – Rustenburg Mall – set to introduce its first phase in April 2021.

AVI earnings slip as consumer spending remains constrained
09/09/2019 - 09:33
Consumer goods group AVI, whose brands include footwear retailer Spitz and Five Roses tea, trimmed its final dividend 4% in the year to end-June as it continued to feel the pinch from a constrained consumer environment.

Lego's sales bounce back with the help of Marvel superheroes
04/09/2019 - 09:11
Models of superheroes and villains from Marvel’s Avengers movies helped lift first-half sales at Lego, as the Danish toymaker continued its turnaround drive with investments in China, India, the internet and new stores.