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NPK - Nampak Limited - Trading Statement

Release Date: 10/05/2012 17:49
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 at least 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 2012 and these results are expected to be published on SENS on 29 May 2012. Headline earnings per share and basic earnings per share from continuing operations are expected to be between 10% and 20% higher than the 93.5 cents per share and 96.4 cents per share respectively for the six months ended 31 March 2011. The increased earnings are due mainly to an improvement in operating profit and a reduction in the tax charge. For the six month period to 31 March 2012, basic earnings per share from continuing and discontinued operations are expected to be between 140% and 160% higher than the 45.5 cents per share for the six months ended 31 March 2011 as a result of the loss incurred on discontinued operations in 2011. The loss referred to above is not taken into account in the calculation of headline earnings per share from continuing and discontinued operations. Therefore, the headline earnings per share will be between 5% and 15% higher than the 97.2 cents per share for the six months ended 31 March 2011. The above information has not been reviewed or reported on by the Company`s external auditors. Sandton 10 May 2012 Sponsor: UBS (South Africa) (Pty) Limited Date: 10/05/2012 17:49:12 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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