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NAMPAK LIMITED - Trading statement for the six-months ended 31 March 2021

Release Date: 24/05/2021 08:00
Code(s): NPK     PDF:  
Wrap Text
Trading statement for the six-months ended 31 March 2021

NAMPAK LIMITED
Registration number 1968/008070/06
Incorporated in the Republic of South Africa
Share Code: NPK
ISIN: ZAE000071676
LEI: 3789003820EC27C76729
(“Nampak” or “the Company”)

TRADING STATEMENT FOR THE SIX-MONTHS ENDED 31 MARCH 2021

Nampak is in the process of finalising its interim results for the six-months
ended 31 March 2021 ("the period"). In terms of the JSE Listings Requirements,
shareholders are advised that Nampak is satisfied that a reasonable degree of
certainty exists that the financial results for the period to be reported upon
will differ by at least 20% from 31 March 2020 ("the prior period"). The
financial results for the interim period are expected to be as follows:

Headline earnings per share ("HEPS") and earnings per share ("EPS") for the
group for the period have been impacted by several factors, including:

1. The non-recurrence of significant impairments of goodwill in Nigeria and
   assets in Angola;
2. The non-recurrence of capital items resulting from the net loss on the
   disposal of businesses and property offset by insurance proceeds for asset
   replacements;
3. Reduced retrenchment and restructuring costs as profitability improvement
   projects in DivFood and Plastics near completion and show benefits;
4. Lower net devaluation losses arising from Angolan and Nigerian exchange rate
   movements;
5. Tax impacts of the above items.


HEPS AND EPS FOR CONTINUING OPERATIONS

-    Headline earnings per share for continuing operations is expected to
     increase to between 16.3 cents and 18.7 cents compared to earnings per share
     of 7.0 cents in the prior period.

-    Earnings per share for continuing operations is expected to increase to
     between 15.9 cents and 18.1 cents compared to a loss per share of 408.9
     cents in the prior period.
HEPS AND EPS FOR TOTAL OPERATIONS

-   Headline earnings per share for total operations is expected to increase to
    between 16.3 cents and 18.7 cents compared to earnings per share of 0.3
    cents in the prior period.

-   Earnings per share for total operations is expected to increase to between
    15.9 cents and 18.1 cents compared to a loss per share of 336.0 cents in the
    prior period.
The information contained in this trading statement has not been reviewed or
reported on by the Company's external auditors.

Nampak expects to release its interim results on Friday, 28 May 2021.

Bryanston
24 May 2021
Sponsor: UBS South Africa (Pty) Ltd

Date: 24-05-2021 08:00:00
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