El Niño drags Nampak FY24 profit

56

THE El Niño induced drought experienced last year dampened Nampak Zimbabwe (Nampak)’s flagship operation, Hunyani Paper and Packaging (Hunyani), which suffered weak volumes owing to poor tobacco output, subsequently diminishing the group topline for the year ended September 30, 2024.Hunyani, which accounted for 51,3 percent of Nampak’s revenue, saw its sales volumes decline by 8,4…