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Nampak upgrades financial forecast

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Nampak, the South African packaging manufacturer, has revised upwards financial results for the year to 30 September in a trading statement.

On Friday (14 November) the firm revised its announcement of late September, which predicted a 15-20% fall in income for the year, down from R1.781bn (£118.2m) last year.

Nampak is now set to report a drop in income of between 10% and 15% in its results which are due to be published on Friday (21 November).

Earnings per share are set to fall by 50-55%, rather than the 60-80% originally forcast.

For the latest news on Nampak’s results, sign up to the packagingnews.co.uk Daily Bulletin.

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