KAP Industrial jumps after flagging profit surge

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Headline earnings per share could rise as much a 108% in the industrial, chemicals and logistics group's year to end-June, sending its shares up 10%

Shares of KAP Industrial, whose interests range from mattresses to chemicals, were on track for their best day in more than six months on Wednesday, after it said headline profits could double in its year to end-June.

Group headline earnings per share are expected to rise in a range of 88% and 108% to as much as 78.8c, the company said in a trading update, which would be more than 80% above pre-pandemic levels...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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