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NPK - Nampak Limited - Trading Statement

Release Date: 07/11/2011 14:07
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 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 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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