To view the PDF file, sign up for a MySharenet subscription.

NPK - Nampak - Trading Statement

Release Date: 14/05/2008 14:30
Code(s): NPK
Wrap Text

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 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

Share This Story