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Johannesburg - Diversifed industrial company‚ KAP International Holdings [JSE:KAP] grew its
earnings per share (EPS) and headline earnings per share (HEPS) in the year to
June‚ its financial results showed on Tuesday.
EPS increased 100% to 28.4 cents‚ while HEPS increased 10%
to 24.2 cents.
The group said it had been established as a significant
emerging market industrial player with good positioning in growth markets and
industries‚ a
strong balance sheet and the support of a new large
controlling shareholder‚ Steinhoff.
Revenue increased 24% to R11bn with growth experienced
across all divisions. Operating profit before capital items increased 7% year
on year‚ while Earnings Before Interest Taxation Depreciation and Amortisation
before capital items of R1.738bn increased 8% year on year.
CEO Jo Grové said the company's manufacturing division
produced a number of key technical products and iconic brands across key
strategic industries in SA.
The automotive division had also done well. It
"delivered a good performance supported by higher vehicle volumes‚ good
operational efficiencies and extremely low reject rates‚" he said.
Grové was cofnident about the future.
"We are looking forward to continued growth in the
logistics sector which‚ along with a competitively positioned manufacturing
businesses‚ should position the KAP Group for growth‚" he said.
"As always‚ we are grateful to our shareholders‚
employees and other stakeholders‚ and thank them for their continued
support‚" he said.
In light of good cash flows for the year‚ the board declared a final dividend of 6 cents per share from income reserves‚ for the period ended June 30 2012.
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