{"id":73417,"date":"2023-02-01T17:20:05","date_gmt":"2023-02-01T15:20:05","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zse-listed-nampak-records-52-52-billion-jump-in-revenue"},"modified":"2023-02-01T19:42:35","modified_gmt":"2023-02-01T17:42:35","slug":"zse-listed-nampak-records-52-52-billion-jump-in-revenue","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/zse-listed-nampak-records-52-52-billion-jump-in-revenue","title":{"rendered":"ZSE-listed NamPak Records $52.52 Billion Jump In Revenue"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>Nampak Zimbabwe Limited<\/b>, a packaging company listed on the Zimbabwe Stock Exchange (ZSE)<\/b> recorded a 43% jump in revenue for the year to September 30, 2022, to ZW$$52.52 billion from ZW$$36.69 billion the previous year.<\/p>\n

Exports for its Mega Pak division showed a resurgence in the local markets over the period under review compared to the prior year.<\/p>\n

A profit before tax of ZW$$8.75 billion was achieved compared to ZW$$5.76 billion in the same period last year.<\/p>\n

According to Nampak, the profit before tax takes into account other material income of ZW$$2.48 billion and a net monetary loss of ZWL$$4.11 billion. Other income, in the main, comprises exchange gains on foreign-denominated debtors and cash balances.<\/p>\n

Profit for the year remained flat at ZW$$2.6 billion. Earnings per share at 346.12 cents were below the prior year\u2019s 347.03 cents.<\/p>\n

During the year under review, overall demand for packaging improved significantly compared to the previous year with the company benefiting from improved economic activity led by a rebound in agriculture and mineral commodity prices.<\/p>\n

In an update for the year under review, managing director John van Gend said that the group achieved sales for the year in inflation-adjusted terms of $52.52 billion.<\/p>\n

He said the company worked hard on cost reduction initiatives and improving the working capital cycles.<\/p>\n

Van Gend said the group currently has some significant capital projects currently being reviewed by management.<\/p>\n

Nampak did not declare a dividend in order to preserve capital.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. Nampak Zimbabwe Limited, a packaging company listed on the Zimbabwe Stock Exchange (ZSE) recorded a 43% jump in revenue for the year to September 30, 2022, to ZW$$52.52 billion from ZW$$36.69 billion the previous year. Exports for its Mega Pak division showed a resurgence in the local markets over the period under […]<\/p>\n","protected":false},"author":84,"featured_media":73415,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1493,2189,13783,19],"class_list":{"0":"post-73417","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-africa-press","10":"tag-africa-press-zimbabwe-2","11":"tag-nampak","12":"tag-zimbabwe"},"yoast_head":"\nZSE-listed NamPak Records $52.52 Billion Jump In Revenue - zimbabwe<\/title>\n<meta name=\"description\" content=\"Nampak Zimbabwe Limited, a packaging company listed on the Zimbabwe Stock Exchange (ZSE) recorded a 43% ju ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zse-listed-nampak-records-52-52-billion-jump-in-revenue\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ZSE-listed NamPak Records $52.52 Billion Jump In Revenue\" \/>\n<meta property=\"og:description\" content=\"Nampak Zimbabwe Limited, a packaging company listed on the Zimbabwe Stock Exchange (ZSE) recorded a 43% ju ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zse-listed-nampak-records-52-52-billion-jump-in-revenue\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-01T15:20:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-01T17:42:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/02\/postQueueImg_1675259415.47.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"845\" \/>\n\t<meta property=\"og:image:height\" content=\"471\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zse-listed-nampak-records-52-52-billion-jump-in-revenue\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zse-listed-nampak-records-52-52-billion-jump-in-revenue\",\"name\":\"ZSE-listed NamPak Records $52.52 Billion Jump In Revenue - 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