Nampak shares surge 13% as it reports bounceback from Covid-19
The packaging group says it had a strong third quarter after the pandemic tore into profits in 2020
01 August 2021 - 16:06
Africa’s largest packaging group, Nampak, had its best day on the JSE in over five months on Friday, with shares jumping after the group said it had seen a major improvement in trading conditions in its third quarter ending June.
Efforts at cash preservation and strong demand meant revenue was up almost a quarter in the nine months to June, Nampak said, with its shares surging 13.36% to close at R2.80, its best day since February...
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