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NPK - Nampak Limited - Trading Statement

Release Date: 10/05/2011 12:28
Code(s): NPK
Wrap Text

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 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.

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