Nampak's shares rise on expected improvement in results

The JSE share price of packaging company Nampak rose by nearly 22% on June 20, after the company reported that it expected to report headline earnings per share (HEPS) for continuing operations of between R47 and R55 for the six months to March 31, compared with a headline loss per share (HLPS) of R55 for the six-month period ended March 31, 2023. Earnings per share (EPS) for continuing operations would likely be between R46 and R54, compared with a loss per share (LPS) of R310.37.