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KAP INDUSTRIAL HOLDINGS LIMITED - Unaudited Results For The Six Months Ended 31 December 2021

Release Date: 23/02/2022 07:05
Code(s): KAP     PDF:  
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Unaudited Results For The Six Months Ended 31 December 2021

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


UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2021


1.   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.


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 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.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.


Stellenbosch
23 February 2022

Sponsor
PSG Capital

Date: 23-02-2022 07:05:00
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