KAP Industrial : Unaudited results for the six months ended 31 December 2021 - KAP
February 23, 2022 at 12:29 am EST
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KAP INDUSTRIAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1978/000181/06)
JSE alpha code: KAP ("the Company")
UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2021
SALIENT FEATURES
From continuing operations
Revenue increased by 13% to R13 649 million, from R12 114 million in the prior corresponding period.
Operating profit before capital items increased by 41% to R1 552 million, from R1 104 million in the prior corresponding period.
Headline earnings per share ("HEPS") increased by 62% to 37.2 cents per share, from 23.0 cents per share in the prior corresponding period.
Earnings per share ("EPS") increased by 54% to 37.6 cents per share, from 24.4 cents per share in the prior corresponding period.
From continuing and discontinued operations
Revenue increased by 11% to R13 649 million, from R12 251 million in the prior corresponding period.
Operating profit before capital items increased by 52% to R1 562 million, from R1 026 million in the prior corresponding period.
HEPS increased by 82% to 37.5 cents per share, from 20.6 cents per share in the prior corresponding period.
EPS increased by 69% to 37.3 cents per share, from 22.1 cents per share in the prior corresponding period.
Net asset value per share increased by 12% to 433 cents per share, from 386 cents per share in the prior corresponding period.
In line with historic practice, the board of directors has not declared an interim dividend.
SHORT-FORMANNOUNCEMENT
This short-form announcement is the responsibility of the directors of the Company. It contains only a summary of the information from the full announcement and does not contain full or complete details.
This short-form announcement has not been audited or reviewed. The financial information has been extracted from the condensed consolidated interim financial results for the six months ended 31 December 2021.
3. FULL ANNOUNCEMENT
The full announcement can be found at: https://senspdf.jse.co.za/documents/2022/JSE/ISSE/KAP/Interim_22.pdf
A copy of the full announcement is also available for viewing on the Company's website at https://kap.co.za/wp-content/uploads/2022/02/kap-unaudited-results-for-the-six-months-ended-31-december-2021.pdfor may be requested in person, at the Company's registered office or the office of the Sponsor, at no charge, during office hours.
Any investment decisions by investors and/or debtholders should be based on consideration of the full announcement, as a whole.
Stellenbosch
23 February 2022
Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
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KAP Industrial Holdings Ltd. published this content on 23 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2022 05:28:01 UTC.
KAP Limited (formerly Kap Industrial Holdings Limited) specializes in logistics services. The group also develops wood and consumer products manufacturing activities. Net sales (including intragroup) break down by activity as follows:
- manufacturing of chemical products (34.2%);
- logistics services (33.4%): warehousing, transport, freight shipping, supply chain management services, etc. KAP Limited also provides passenger transport services by buses and coaches;
- manufacturing of industrial products (30.7%): automotive components, furniture and bedding items;
- développement of technology-enabled driver behaviour management solutions (1.7%).
KAP LIMITED 
