KAP Industrial expects sharp fall in earnings due to lockdown
The company says operating profit from continuing operations will be 19%-28% lower in the year to June 30
14 August 2020 - 11:44
Automotive and logistics business KAP Industrial said on Friday that it expected earnings to have fallen at least 60% in the year to end-June, largely due to the effects of the national lockdown.
Headline earnings per share will be between 12.7c and 15.0c, a fall of between 60% and 70% from the comparable period due to “the cyclical imbalance in global polymer supply and demand and the resultant asset impairments”, it said...
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