https://newsletter.en.creamermedia.com
Business|Environment|Financial|Packaging|Packaging
Business|Environment|Financial|Packaging|Packaging
business|environment|financial|packaging-company|packaging

Tough trading environment put Transpaco under pressure in H1

20th February 2018

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

     

Font size: - +

JSE-listed plastics and packaging group Transpaco reported a 4.7% fall in operating profit to R78.5-million in the six months to December 31.

While in line with expectations, the company said its performance remained under pressure from the continued challenging economic environment, leading to a 5.4% decline in headline earnings a share to 168.2c.

However, the decrease in sales and continued margin pressure was partially offset by stringent, well-managed expenses, resulting in the operating margin remaining on par with the previous year.

Headline earnings declined by 5.3% to R55.3-million, while net asset value per share increased by 7.9% to R18.03.

"Our balance sheet remains robust owing to our strict working capital management strategy," said CEO Philip Abelheim.

All Transpaco divisions traded favourably, notwithstanding a decline in the plastics division, which was impacted on by price deflation.

Looking ahead, the group will continue its proven business strategy, targeting organic growth, while maintaining strict financial control and, at the same time, identifying and pursuing appropriate acquisitions.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Comments

Showroom

AirNox Pty Ltd
AirNox Pty Ltd

AirNox (Pty) Ltd is a level 1 BBBEE manufacturer of complete AdBlue® solutions for operators of SCR diesel engines and AUS40 across South Africa...

VISIT SHOWROOM 
Roytec Global (Pty) Ltd
Roytec Global (Pty) Ltd

Roytec Global is an international company specializing in liquid / solid and mineral separation technologies for the Mining and Industrial sectors.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 14 November 2025
Magazine round up | 14 November 2025
14th November 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.135 0.228s - 187pq - 2rq
Subscribe Now