KAP:  495   0 (0.00%)  21/09/2019 00:00

S.Africa's KAP Industrial Holdings posts 25% fall in annual profit

JOHANNESBURG, Aug 20 (Reuters) - South Africa's KAP Industrial Holdings on Tuesday reported a 25% fall in full-year profit citing the impact of an accounting change on a black economic empowerment transaction.

Headline earnings per share (HEPS) stood at 45.9 cents per share in the year to June 30, down from 61.6 cents per share a year earlier.

HEPS strips out certain one-off items and is the main profit gauge in South Africa. (Reporting by Onke Ngcuka; Editing by Emma Rumney)

2019-08-20 12:20:59

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