KAP Limited provided earnings guidance for the half year ending 31 December 2023. For the Period, the company headline earnings and earnings from continuing operations will decrease by at least 20% compared to the prior corresponding half year. This is mainly due to continued weakness in global polymer demand and margins.

Headline earnings per share (HEPS) from continuing operations is expected to decrease by at least 6.2 cents to not more than 24.8 cents (first half 2023: 31.0 cents) and earnings per share (EPS) from continuing operations is expected to decrease by at least 6.2 cents to not more than 24.9 cents (first half 2023: 31.1 cents) for the half year.