KAP INDUSTRIAL HOLDINGS LIMITED - Audited results for the year ended 30 June 2020 - KAP

Audited results for the year ended 30 June 2020 - KAP

KAP INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1978/000181/06)
JSE alpha code: KAP
(“KAP” or “the Company”)

AUDITED# RESULTS FOR THE YEAR ENDED 30 JUNE 2020

1.   SALIENT FEATURES

     From continuing operations

     Revenue decreased by 13% to R22 166 million, from R25 602 million in the prior year.

     Operating profit before capital items decreased by 47% to R1 344 million, from
     R2 527 million in the prior year.

     Headline earnings per share (“HEPS”) decreased by 68% to 14.8 cents per share, from
     45.9 cents per share in the prior year.

     Earnings per share (“EPS”) decreased to a loss of 82.5 cents per share, from earnings
     of 41.4 cents per share in the prior year.

     From continuing and discontinued operations

     Revenue decreased by 14% to R22 218 million, from R25 765 million in the prior year.

     Operating profit before capital items decreased by 46% to R1 314 million, from
     R2 445 million in the prior year.

     HEPS decreased by 68% to 13.7 cents per share, from 42.9 cents per share in the prior
     year.

     EPS decreased to a loss of 83.3 cents per share, from earnings of 38.3 cents per share
     in the prior year.
    
     Net asset value per share decreased by 22% to 372 cents per share, from
     474 cents per share in the prior year.

     The board of directors has decided not to declare a dividend for the current year.

2.   SHORT-FORM ANNOUNCEMENT

     This short-form announcement is the responsibility of the directors of the Company.
     It contains only a summary of the information in the full announcement (“Full
     Announcement”) and does not contain full or complete details. The Full Announcement
     can be found at:
     https://senspdf.jse.co.za/documents/2020/JSE/ISSE/KAP/Yearend20.pdf
     Copies of the Full Announcement are also available for viewing on the Company’s
     website at https://www.kap.co.za/wp-content/uploads/2020/08/kap-audited-results-for-
     the-year-ended-30-june-2020.pdf or 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 shareholders should be based
     on consideration of the Full Announcement, as a whole.
     #
      This short-form announcement has not been audited or reviewed. The financial
     information has been extracted from the audited summarised consolidated results for the
     year ended 30 June 2020.

3.   ANNUAL FINANCIAL STATEMENTS

     These annual results have been audited by the Company’s auditors, Deloitte & Touche,
     who expressed an unmodified audit opinion thereon. The full auditor’s report includes
     details of key audit matters. This auditor’s report, along with the annual financial
     statements for the year ended 30 June 2020, is available on the Company’s website at
     https://www.kap.co.za/wp-content/uploads/2020/08/kap-audited-consolidated-annual-
     financial-statements-2020.pdf.

Stellenbosch
20 August 2020

Debt Sponsor
Nedbank Corporate and Investment Banking

Date: 20-08-2020 08:25:00
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