Nampak shares surge after swing back into profit
Group says results reflect encouraging growth despite challenging operating environment
28 June 2024 - 14:52
Shares in Nampak surged 8.14% on Friday after the group returned to profitability in the six months to end-March, showing that its extensive restructuring and asset disposal programme is paying off.
In 2023, the JSE-listed packaging manufacturer implemented a comprehensive turnaround plan, which included board and management changes; a business model review; a capital and debt restructuring programme; a rights offer; and the adoption of a new strategy focused on its core metals business...
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