Our businesses have excellent organic growth prospects for the next 18 months, as they supply strongly growing local markets such as the automobile, plastic, construction and retail sectors. According to CEO Paul Schouten, ”Strategic expansion initiatives are under wayfor both the local and export markets.” On top of this, Schouten adds, the group is still on the look-out for prudent acquisitions that will have synergies with and add value to KAP’s existing operations. KAP’s balance sheet also tells a heartening story, with the debt-to-equity ratio moving to 20,5% from 22,1% in 2005, and operating cash flow rising 67% to R184,5m. Meanwhile, capital expenditure for the 12 months amounted to R126,7m, of which R80,2m was spent to gear up to supply the new Toyota Corolla and Mercedes Benz C-Class cars.
last updated
02.04.2008