KAP Industrial’s shares lift after it flags robust profit growth
30 March 2022 - 07:22
UPDATED 30 March 2022 - 12:00
Shares of KAP Industrial has their best day in two weeks on Wednesday, after the company said strong demand for timber products and polymers was expected to lift full-year profits by more than half.
The group, whose interests include automotive components and logistics, said in an update on Tuesday that headline earnings per share (HEPS) from continuing operations were expected to rise 50% to 64.5c in the year to end-June...
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