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Short-form announcement: Summarised unaudited interim results for the six months ended 30 June 2019
KAYDAV GROUP LIMITED
Incorporated in the Republic of South Africa
Registration number 2006/038698/06
JSE share code: KDV
ISIN: ZAE000108940
("KayDav" or "the company" or "the Group")
SHORT-FORM ANNOUNCEMENT: SUMMARISED UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2019
1. FINANCIAL RESULTS
The indicators set out below were affected by a change in accounting policy, the effect of which
is set out in the full interim report.
- The Group's operating profit decreased by 2% from R13.2 million for the six months
ended 30 June 2018 to R12.9 million for the six months ended 30 June 2019.
- Headline earnings per share and earnings per share decreased to 3.1 cents for the six
months ended 30 June 2019 from the HEPS of 4.1 cents and EPS of 4.2 cents for the
six months ended 30 June 2018.
- The net asset value per share attributable to ordinary shareholders increased by 3%
from 125.8 cents at 30 June 2018 to 130.0 cents at 30 June 2019.
2. NATURE OF BUSINESS
KayDav comprises a group of businesses involved in the distribution of wood-based panels and
packaging consumables and machinery. Wood-based panels are manufactured through the
compression of wood waste into solid panels. These panels have a variety of applications in the
construction, furniture manufacturing and shopfitting industries. Packaging consumables and
machinery are products and machines which cater for a wide variety of packaging requirements
in the industrial, agricultural and commercial sectors.
3. SHORT-FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the directors of the company and the
contents were approved by the board of directors on 16 September 2019. This short-form
announcement is only a summary of the information in the full interim report and does not contain
full or complete details. Any investment decision by investors and/or shareholders should be
based on consideration of, inter alia, the full interim report. The short-form announcement has
not been audited or reviewed by the company's auditors.
The full interim report can be found on KayDav's website
http://www.kaydav.co.za/wp-content/uploads/2019/09/2019-KayDav-Interim-Report.pdf
and can be accessed on SENS using the following link:
https://senspdf.jse.co.za/documents/2019/jse/isse/KDV/2019Res06.pdf on 16 September 2019.
The full interim report is available for inspection at the registered offices of KayDav, address
below, and the offices of the sponsor, Java Capital, address below, at no charge during normal
business hours from Monday, 16 September 2019 to Monday, 23 September 2019.
Cape Town
Monday, 16 September 2019
Kaydav Group Limited
Registered address:
105 Bamboesvlei Road, Ottery, 7800
Postal address: PO Box 272, Ottery, 7808
Telephone: 021 704 7060
Company secretary:
CIS Company Secretaries (Pty) Ltd
Executive directors:
GF Davidson (CEO), M Slier (CFO)
Non-executive directors:
S van Niekerk (Chairperson), B Tlhabanelo, F Davidson
Auditor: BDO South Africa Incorporated
Transfer secretaries:
Link Market Services South Africa (Pty) Ltd
Sponsor:
Java Capital, 2nd Floor, 6A Sandown Valley Crescent, Sandown, Sandton, 2196
Date: 16/09/2019 05:09:00
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