Nampak expects to report higher interim earnings
JSE-listed Nampak’s headline earnings per share (HEPS) for continuing operations for the six months ended March 31 are expected to increase to between 16.3c and 18.7c.
That compares with HEPS of 7c reported for the six months ended March 31, 2020.
Earnings per share (EPS) from continuing operations are expected to increase to between 15.9c and 18.1c, from a loss a share of 408.9c in the prior period.
HEPS for total operations is expected to increase to between 16.3c and 18.7c compared with 0.3c in the prior period.
EPS for total operations is expected to increase to between 15.9c and 18.1c compared with a loss a share of 336c in the prior period.
Nampak notes that HEPS and EPS for the group for the period have been impacted by several factors, including the non-recurrence of significant impairments of goodwill in Nigeria and assets in Angola.
There was also the non-recurrence of capital items resulting from the net loss on the disposal of businesses and property offset by insurance proceeds for asset replacements.
Nampak expects to release its interim results on May 28.
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