Nampak switches to new segmental reporting structure

Packaging group Nampak confirmed on Wednesday it had revised its historical segmental reporting structure to report by substrate only.

The change was prompted by the significant business restructuring of the Nampak portfolios, as well as IFRS (International Financial Reporting Standards) requirements relating to segmental reporting of the glass division, and the increasing prominence of businesses in the rest of Africa.

"The new structure reflects our current substrate focus and future growth strategy," Nampak said.

"Going forward, we will be reporting segmental results by substrate; namely metals, plastics, paper and glass," the group said.