KAL Group interim results reflect tough market conditions
Fuel and grain weigh on earnings despite resilient retail trade
KAL Group, formerly Kaap Agri, the retail and agricultural hybrid company, has been a consistent performer for IM readers with returns of 33% in 2023 and 35% in 2024.
Despite a disappointing set of financial 2024 results to September from a highly challenging second half in which headline earnings dipped 9% to 561.58c a share, the company’s balance sheet was strong and management was optimistic for a recovery in the new financial year. After the 2024 results, the share price remained sluggish, but at the start of 2025, it began to skid as more challenging economic conditions started to affect the domestic consumer landscape, especially the fuel and general retail sectors...
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