Kaap Agri reinstates interim dividend as earnings rise 24%
Agricultural machinery distributor says trading conditions in its retail categories were better than expected in the first six months of financial year
06 May 2021 - 10:41
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...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.