Financial Results

The earnings of R81.1 million represent a 7. 57.2% increase compared to the previous year. Headline earnings per share increased from 292 cents per share to 472 cents per share. The excellent results are KLK’s best profit performance to date and are mainly attributed to the increase in profit contributions from the Trade and Fuel Division as well as Carpe Diem Raisins.

The focus on cost and margin management as well as the acquisition of an additional 30% stake in Carpe Diem Raisins on 31 July 2020 and the better results of the Livestock Division further contributed to this achievement.

The Meat Division performed worse than the previous year due to significantly lower slaughter numbers. SA Dorper performed worse than the previous year due to poorer skin quality and lower skin selling prices.