The KAL Group is an agriculture and lifestyle company specializing in the trade and retail of agriculture, fuel and related markets in southern Africa. Recognizing that farmers and consumers are operating under challenging conditions through the fuel price increases from the end of March, the group supported its customers with practical interventions, including extended credit support to qualifying customers.
KAL Group, the JSE-listed South African agri, fuel and convenience speciality retailer, lifted its interim dividend 25% to 70 cents per share for the six months to March 31, while it also significantly reduced debt.
Net interest-bearing debt fell by R453.8 million. Over the past 12 months, R239.8m in term debt was settled, contributing to a decrease in the group’s debt-to-equity ratio to 32.9%, compared to 48,4% in the prior year.
Revenue increased by 5% to R11.36 billion, while gross profit grew by 8.8% to R1.81bn. Headline earnings per share (HEPS) increased by 12.5% and recurring HEPS grew by 15.1%.
“We are encouraged by this set of results, particularly against the backdrop of ongoing uncertainty and challenging conditions,” said the CEO Johann le Roux in a statement.
