KAP INDUSTRIAL HOLDINGS LIMITED - Unaudited Results For The Six Months Ended 31 December 2020

Unaudited Results For The Six Months Ended 31 December 2020

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 2020



1.   SALIENT FEATURES

     From continuing operations

     Revenue decreased by 1% to R12 114 million, from R12 243 million in the prior
     corresponding period.

     Operating profit before capital items decreased by 6% to R1 104 million, from
     R1 175 million in the prior corresponding period.

     Headline earnings per share (“HEPS”) increased by 2% to 23.0 cents per share, from 22.5
     cents per share in the prior corresponding period.

     Earnings per share (“EPS”) increased by 8% to 24.4 cents per share from 22.5 cents per
     share in the prior corresponding period.

     From continuing and discontinued operations

     Revenue decreased by 3% to R12 251 million, from R12 673 million in the prior
     corresponding period.

     Operating profit before capital items decreased by 10% to R1 026 million, from
     R1 144 million in the prior corresponding period.

     HEPS decreased by 3% to 20.6 cents per share, from 21.3 cents per share in the prior
     corresponding period.

     EPS increased by 3% to 22.1 cents per share, from 21.5 cents per share in the prior
     corresponding period.

     Net asset value per share decreased by 19% to 386 cents per share, from
     474 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/2021/JSE/ISSE/KAP/Interim21.pdf

   The Full Announcement is also available for viewing on the Company’s website at
   https://kap.co.za/wp-content/uploads/2021/02/kap-unaudited-results-for-the-six-months-
   ended-31-december-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.


23 February 2021

Sponsor

PSG Capital

Date: 23-02-2021 07:05:00
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