To view the PDF file, sign up for a MySharenet subscription.

KAYDAV GROUP LIMITED - Short-form announcement: Summarised unaudited interim results for the six months ended 30 June 2019

Release Date: 16/09/2019 17:09
Code(s): KDV     PDF:  
 
Wrap Text
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
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story