Kaap Agri reinstates interim dividend as earnings rise 24%

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Kaap Agri says trading conditions in its retail categories were better than expected in the first six months of the financial year 🔒

Kaap Agri, which manufactures, markets and distributes agricultural machinery and equipment, has reinstated an interim dividend, signalling a degree of confidence among its management that the worst could be behind them after the Covid-19-induced setback.

On Thursday, the Western Cape-based agricultural services group declared an interim dividend of 40c a share after the release of its half-year results in which its profits rose nearly a quarter...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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