Nampak see revenue jump 24%
Nampak has seen an increase of 24% in revenue and significant improvements in operating results for the nine-month period ending June 30.
In an update released at the end of the month, the packaging company said: “In general, trading conditions improved significantly for the 3Q21 versus the comparative period in 3Q20, when most of Nampak’s businesses were impacted by a combination of hard lockdowns and alcohol bans in many of the geographies where the group operates.
“Improved trading conditions, successful restructuring and cost savings initiatives have resulted in a 24% increase in revenue and significant improvements in operating results for the nine-month period ended 30 June 2021.
“Nampak will update the market on the group’s performance through a voluntary trading update during September 2021, before it goes into a closed period on 1 October 2021.”
Nampak produces metal, plastic and paper packaging, and has operations in 11 African countries.
The news of the boost in revenue also say a boost in the company’s share price as it surged by around 12%, according to reports.
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