KAP’s interim revenue up 12%, but earnings down 2% on lower demand

Diversified industrial, chemical and logistics group KAP Industrial increased its revenue for the six months ended December 31 by 12% year-on-year to R15.26-billion but earnings before interest, taxes, depreciation and amortisation decreased by 2% to R2.2-billion.

Operating profit before capital items decreased by 8% to R1.42-billion, taking headline earnings and earnings a share 17% lower to 31c.