May 30- Nampak Ltd:
Thank you for reading this post, don't forget to subscribe!* HY headline earnings per share of 113.1 cents up 8 pct
* Nampak has decided not to declare an interim ordinary dividend
* HY group revenue of 9.3 bln rand, down 1 pct with foreign operations results impacted by a 10 pct stronger average ZAR/USD exchange rate
* HY net profit for period of 853 mln rand up 41 pct
* Whilst group experienced ongoing currency volatility,liquidity constraints in Angola and Nigeria, situation continued to be monitored closely
* HY Nigeria and Angola risk and exposure successfully managed cash extraction rate at 80 pct and 61 pct of in country cash balances hedged
* medium to long term outlook for packaging in key African markets remains favourable, underpinned by expected growth in household consumption
* Expected that consumers in key trading markets will remain under pressure for rest of year with a concomitant negative impact on sales volumes Source text for Eikon: Further company coverage:
