Nampak cuts its debt while its losses worsen

Packaging company Nampak says it expects its full-year losses to widen because of impairments, currency devaluation and restructuring costs.

A headline loss per share for total operations of 70.2c-77c was expected compared with the previous year’s loss of 19.4c per share. The headline loss per share excluded capital profits and impairments, but included foreign-exchange losses, Nampak said in a Sens statement...

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