BRIEF-Nampak Ltd Says Not To Resume Dividends Until Debt Levels Significantly Reduced

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BRIEF-Nampak Ltd Says Not To Resume Dividends Until Debt Levels Significantly Reduced
Credit: © Reuters.

May 29 (Reuters) - Nampak Ltd NPKJ.J :

* JSE: NPK - SUMMARY OF CONDENSED FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2020

* NAMPAK LTD - HY HEADLINE EARNINGS PER SHARE FOR CONTINUING AND DISCONTINUED OPERATIONS OF 0.3 CENTS

* NAMPAK LTD - HY REVENUE DECREASED BY 17% TO R6.5BN FOR CONTINUING OPERATIONS

* NAMPAK - PRIORITISING COST SAVING MEASURES, PRESERVING CASH, REDUCING CAPITAL EXPENDITURE AND ASSESSING ALTERNATIVES TO IMPROVE PROFITABILITY

* NAMPAK LTD - STRATEGIC OBJECTIVES INCLUDE A SIGNIFICANT SIMPLIFICATION OF BUSINESS

* NAMPAK - DECIDED NOT TO RESUME DIVIDENDS TO SHAREHOLDERS UNTIL DEBT LEVELS ARE SIGNIFICANTLY REDUCED

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