Kap LimitedJSE: KAP

KAP: EBITDA and operating profit rose despite revenue decline, with net debt reduced and H2 seen softer

· Issued by Kap Limited

Revenue declined 3% to ZAR 14.9bn, but EBITDA rose 5% and operating profit 10% on strong execution. PG Bison and Feltex drove growth, while Safripol and Optix underperformed. Net debt fell 8%, and further reductions are targeted, though H2 is expected to be softer.

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