Nampak reports HY HEPS of 113.1 cents up 8 pct


May 30- Nampak Ltd:

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* 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:

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