JSE-listed packaging company Nampak expects to report a headline loss a share of between R461 and R476 for the financial year ended September 30, compared with headline earnings a share of R75.89 in the 2022 financial year.
Further, it expects to post a loss a share of between R1 169 and R1 178, compared with loss a share of R48.79 in the 2022 financial year.
Among the factors that impacted on its earnings a share and headline earnings a share for the 2023 financial year were an increase in impairment losses to R2.8-billion, compared with R512-million in the prior financial year; higher foreign exchange (forex) losses of R1.2-billion; and higher net finance costs of R1.2-billion.
The company will release its results on December 4.