Trading statement - KAP
KAP INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1978/000181/06)
JSE alpha code: KAP
(“the Company”)
TRADING STATEMENT
In terms of the JSE Limited Listings Requirements (“JSE 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 has performed well for the first ten months of the 2021 financial year, despite
the continued impact of Covid-19 (“Covid”) on social and economic conditions. While there
are still two months to report before financial year end, a reasonable degree of certainty now
exists that headline earnings per share (“HEPS”) is expected to be at least 100% higher than
in the prior year. The Company expects positive earnings per share (“EPS”) compared to a
loss in the prior year, which resulted from impairments to intangible and fixed assets.
The uncertainty presented by Covid continues to influence the Company’s financial forecasts,
especially in view of a possible third wave of infections in South Africa, and as a result, the
Company is not yet in a position to provide a likely range of the expected increase in HEPS
and EPS. As per the JSE Listings Requirements, a further trading statement will be issued as
soon as there is a reasonable degree of certainty as to the likely range.
The financial information on which this trading statement is based has not been reviewed or
reported on by the external auditor of the Company.
Stellenbosch
20 May 2021
Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 20-05-2021 02:00:00
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