Nampak turns to profitability courtesy of business restructuring move
SOUTH AFRICA Nampak, Africas largest diversified packaging manufacturer, has recorded impressive results in the six months ended March 31, despite the ongoing restrictions on trading caused by the Covid-19 pandemic. The can makers headline earnings per share (HEPS) for the first half year period, has jump significantly to 17.6c, from 0.3c registered in the corresponding period in 2020. Growth in the group profitability was driven by its strategy to simplify and optimise operations, coupled with working capital management and prudent capital expenditure, which resulted in substantially improved cash generation.
Nampak turns to profitability courtesy of business restructuring move
SOUTH AFRICA Nampak, Africas largest diversified packaging manufacturer, has recorded impressive results in the six months ended March 31, despite the ongoing restrictions on trading caused by the Covid-19 pandemic. The can makers headline earnings per share (HEPS) for the first half year period, has jump significantly to 17.6c, from 0.3c registered in the corresponding period in 2020. Growth in the group profitability was driven by its strategy to simplify and optimise operations, coupled with working capital management and prudent capital expenditure, which resulted in substantially improved cash generation.