Nampak delivers ‘credible’ FY17 performance despite difficult trading environment

In light of the current macroeconomic circumstances, packaging company Nampak has delivered a “credible” financial performance for the year ended September 30, CEO André de Ruyter said on Tuesday, adding that the company had increased its trading profit by 2% to R2-billion. He further noted during a conference call that, although Nampak’s revenue decreased by 2% year-on-year R18.8-billion, an adjusted constant currency basis would have resulted in revenue growing by 6%, while profit would have been up by 12%.