NPK - Nampak Limited - Nampak back on track

NPK - Nampak Limited - Nampak back on track                                     
NAMPAK LIMITED                                                                  
Registration number 1968/008070/06                                              
Incorporated in the Republic of South Africa                                    
ISIN: ZAE000071676                                                              
Share code: NPK                                                                 
("Nampak")                                                                      
NAMPAK BACK ON TRACK                                                            
Nampak today released its results for the year ended 30 September 2010.         
Operating profit increased by 126% following good turnarounds in the paper      
businesses in South Africa and Europe and the sale or closure of a number of    
loss-making businesses. Despite tough trading conditions in South Africa and    
Europe, the trading margin increased to 8.3% from 5.8% last year.               
Headline earnings per share were 79% higher as a result of the improvement in   
operating profit and a reduction in finance costs. These, together with         
significantly lower abnormal items resulted in earnings per share increasing by 
over 300%                                                                       
Cash generated from operations was a record R2.5 billion with major reductions  
in working capital and capital expenditure contributing to this achievement.    
The dividend has been increased by 98% making a total distribution of 83 cents  
per share for the year. Together with the more than 50% increase in Nampak`s    
share price over the past eighteen months shareholder value has increased       
significantly.                                                                  
CEO Andrew Marshall said, "We are pleased that the revised strategy implemented 
in 2009 has resulted in our improved performance. We sold or closed a number of 
underperforming businesses and have focused on growing our core profitable      
operations. Almost R800 million was invested in those businesses where we have  
sustainable competitive advantages. The Angolan beverage can factory is on track
for commissioning in the first half of next year and together with other        
investments will add to future earnings growth. The downward spiral in          
profitability, trading margins and cash generation has been reversed and I am   
confident that the momentum that has been created will continue into 2011".     
Contact:                                                                        
Nampak Investor Relations                                                       
Graham Hayward                                                                  
Tel: 011 719 6320                                                               
Cell: 082 800 7863                                                              
Graham.hayward@za.nampak.com                                                    
Date: 22/11/2010 13:11:01 Supplied by www.sharenet.co.za                     
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