South African packaging company Nampak has reported a 21% rise in earnings per share as a result of a 22% improvement in operating profits and a reduction in finance costs.

The company’s net gearing improved to 10% from 32% in September 2010.

For the year, operating profits from continuing operations increased by 22% and the trading margin improved to 9.8% from 9.1% last year due to better results from the diversified canning, corrugated and flexible divisions as well as the sale of underperforming businesses.

Nampak CEO Andrew Marshall said the company has invested a further R676m ($78m) in the businesses where it has sustainable competitive advantages.

The company has recently reached an agreement to acquire the remaining 50% of the glass business that Nampak does not already own for about R900m ($105m).

 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.