KAP INDUSTRIAL HOLDINGS LIMITED - Unaudited Results for the Six Months Ended 31 December 2019

Unaudited Results for the Six Months Ended 31 December 2019

KAP INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1978/000181/06)
Share Code: KAP
ISIN: ZAE000171963
(“KAP” or “the Company”)



UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2019



1.   SALIENT FEATURES

     From continuing operations
     Revenue decreased by 4% to R12 622 million, from R13 208 million in the prior
     corresponding period.

     Operating profit before capital items decreased by 12% to R1 169 million, from
     R1 330 million in the prior corresponding period.

     Headline earnings per share (“HEPS”) decreased by 6% to 22.0 cents per share, from
     23.4 cents per share in the prior corresponding period.

     Earnings per share (“EPS”) decreased by 6% to 22.0 cents per share, from 23.4 cents
     per share in the prior corresponding period.

     From continuing and discontinued operations
     Revenue decreased by 5% to R12 673 million, from R13 295 million in the prior
     corresponding period.

     Operating profit before capital items decreased by 13% to R1 144 million, from
     R1 310 million in the prior corresponding period.

     HEPS decreased by 7% to 21.3 cents per share, from 22.8 cents per share in the prior
     corresponding period.

     EPS decreased by 9% to 21.5 cents per share, from 23.6 cents per share in the prior
     corresponding period.

     Net asset value per share (“NAVPS”) increased by 3% to 474 cents per share, from
     462 cents per share in the prior corresponding period.

     In line with historic practice, the board of directors has not declared an interim dividend.

     This short-form announcement has not been audited or reviewed.

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/Interim20.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/2020/02/kap-unaudited-results-for-
     the-six-months-ended-31-december-2019.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.



18 February 2020

Sponsor

PSG Capital

Date: 18-02-2020 05:00:00
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