INVESTMENTS in strategically aligned businesses has seen diversified industrial group KAP Industrial Holdings survive tough trading conditions and continued to grow.The company provides logistics and passenger transport services; manufactured timber products; plastics and industrial resins used in building materials and household products; and automotive products, along with making all the components of mattresses.The group said the investments had enhanced the quality of its earnings through business sustainability, solid margins and strong cash conversion in the year to June."We are very pleased with the results," CEO Gary Chaplin said.Revenue from continuing operations rose only 4% to R16.2bn. But operating profit before capital items from continuing operations shot up 19% to R2bn on higher gross operating margins, and the rationalisation of the group’s cost base.This saw headline earnings per share (Heps) from continuing operations jump 18% from the comparative period. Heps, inc...
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