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Financial|Industrial
Financial|Industrial
financial|industrial

KAP lifts full-year revenue, but profit tracks lower

20th August 2019

By: Schalk Burger

Creamer Media Senior Deputy Editor

     

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Diversified industrial company KAP Industrial Holdings has grown its revenue for the financial year ended June 30 by 12% year-on-year to R25.6-billion, but operating profit decreased by 13% to R2.5-billion.

In a SENS announcement that contained extracted financial information from the audited financial results for the year, published on Tuesday, KAP said its headline earnings a share fell by 25% year-on-year to 45.9c from 61.6c in the prior financial year.

The group also announced that earnings a share had decreased by 34% to 38.3c from 57.7c.

However, the net asset value a share increased by 4% to 474c a share, from 454c in the prior corresponding period.

The company also announced a dividend of 23c a share, which was unadjusted from the prior corresponding period and which would be paid on September 23.

KAP is set to hold its financial results presentation on Wednesday.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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