To view the PDF file, sign up for a MySharenet subscription.

KAAP AGRI LIMITED - Trading Statement

Release Date: 21/04/2021 09:45
Code(s): KAL     PDF:  
Wrap Text
Trading Statement

KAAP AGRI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
(“Kaap Agri” or “the Company”)



TRADING STATEMENT


In terms of the JSE Limited Listings Requirements, a listed company is required to publish a
trading statement as soon as it becomes reasonably certain that the financial results for the
next period to be reported on will differ by 20% or more from the financial results for the
previous corresponding period.

The Company hereby advises that a reasonable degree of certainty exists that for the 6-month
period ended 31 March 2021:

-    headline earnings per share will be between 294 cents and 306 cents, representing
     increase of between 21.6% and 26.5% compared to the headline earnings per share of
     241.83 cents reported for the 6 months ended 31 March 2020;

-    earnings per share will be between 294 cents and 306 cents, representing an increase
     of between 21.4% and 26.3% compared to the earnings per share of 242.21 cents
     reported for the 6 months ended 31 March 2020; and

-    recurring headline earnings per share will be between 299 cents and 312 cents,
     representing an increase of between 20.7% and 26.0% compared to the recurring
     headline earnings per share of 247.65 cents reported for the 6 months ended 31 March
     2020.

Kaap Agri considers recurring headline earnings to be a key benchmark to measure
performance and to allow for meaningful year-on-year comparison. The adjustments relate to
non-recurring expenses, which consist predominantly of costs associated with acquisitions of
new businesses, and the revaluation of put options.

The financial information on which this trading statement is based has not been reviewed or
reported on by the auditor of the Company. The unaudited results for the 6-month period
ended 31 March 2021 are expected to be published on or about 6 May 2021.



Paarl
21 April 2021

Sponsor
PSG Capital

Date: 21-04-2021 09:45:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story