Transpaco hits R1.25 billion turnover

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[DATA TPC:Transpaco Limited] is a leading manufacturer, recycler and distributor of paper, plastic and packaging products.

For the year ended 30 June 2014, group operating profit grew by 5.1 per cent to 97.8 million rand on a turnover increase of 11.1 per cent to 1.2 billion rand.

(READ MORE: Transpaco produces revenue growth)

Earnings per share (EPS) and headline earnings per share (HEPS) grew slightly by 3.7 per cent to 216.5 cents and 0.5 per cent to 209.2 cents respectively.

Diluted HEPS increased by 0.9 per cent to 205.5 cents while cash generated from operations increased to 121 million rand.

The board declared a 3.3 per cent increase in final gross cash dividend out of income reserves of 54 cents per share, resulting in total dividends of 93 cents per share for the period.

(READ MORE: Transpaco diluted HEPS up by 1.3 per cent, declare dividend)

The group said that its performance was strengthened by controlling operating costs, which led to a 6.1 per cent increase year on year despite a hike in energy and labour costs.

A national industry strike which affected several Transpaco facilities may impact the group’s trading for the first two months of the 2015 financial year.

However, Transpaco added that it will be focusing on expansion opportunities including acquisitions as well as achieving the group’s organic growth ambitions.

(WATCH VIDEO: Transpaco – Hot or Not)