Nampak reported a solid 21% increase in adjusted headline earnings per share for the six months to March 2016 before foreign currency translation effects. After taking into account a R114 million ($7.6 million) foreign exchange rate translation loss, HEPS increased by 4%. Trading performance significantly improved over the previous half-year, with group trading profit increasing by 17%.
Packaging sales benefited from import replacement due to a weaker rand, new contractual volumes and increased beverage consumption as a result of a hotter than usual summer in South Africa.
Group's revenue was R9.4 billion ($629 million), up 10%.
Nampak is Africa’s largest diversified packaging manufacturer by volume and revenue.
