Nampak's African investment pays off

Packing company Nampak has reported a 11 percent increase in group revenue to R18.3 billion for the year ended September.

Operating profit from continuing operations increased eight percent to R1.9 billion and the group reported headline earnings per share of 196.6c, up from 194.4c a year ago.

Nampak said trading income from Africa rose 60 percent to R506 million largely thanks to strong performance in its Angola-based beverage-can manufacturing facility, which operated at above-design capacity for the majority of the year, as well as its Kenyan aluminium packaging operation, which benefitted from a good pineapple crop.

Image: © Thinkstock

Copyright is owned by Africa Outlook and/or Outlook Publishing. All rights reserved.