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Market brushes off Kaap Agri’s quarterly decline in revenue

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Kaap sees signs of green shoots but warns ongoing Covid-related uncertainty does not bode well for the remainder of the financial year

after it reported improved performances at some of its businesses.agricultural services business

19.6% decrease in revenue, while headline earnings and recurring headline earnings ended 20.7% and 18.1% down, respectively. Like many companies in SA, Kaap’s trading suffered during the Covid-19 lockdown.

 

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