The packaging group says it had a strong third quarter after the pandemic tore into profits in 2020
Africa’s largest packaging group, Nampak, had its best day on the JSE in over five months on Friday, with shares jumping after the group said it had seen a major improvement in trading conditions in its third quarter ending June.
Efforts at cash preservation and strong demand meant revenue was up almost a quarter in the nine months to June, Nampak said, with its shares surging 13.36% to close at R2.80, its best day since February...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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