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KAP’s polymers division is weighing on the group. Operating profit from this segment of the business plunged by 62%, offsetting improved performances from other units. The overall result is a 2% fall in annual revenue and a 4% decline in headline earnings per share, partially cushioned by tax benefits related to PG Bison. Business Day TV unpacked the performance with CEO Gary Chaplin.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
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WATCH: KAP posts 4% decline in annual earnings
Business Day TV speaks to KAP CEO Gary Chaplin
KAP’s polymers division is weighing on the group. Operating profit from this segment of the business plunged by 62%, offsetting improved performances from other units. The overall result is a 2% fall in annual revenue and a 4% decline in headline earnings per share, partially cushioned by tax benefits related to PG Bison. Business Day TV unpacked the performance with CEO Gary Chaplin.
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