SOUTH AFRICA: KWV Group headline earnings almost double

By Arnold Kirkby | 12 September 2002

The KWV Group has posted a conservative 2c dividend for the year ended in June 2002, in spite of a 91.5% increase in headline earnings, which rose by R46.9m to R98.1m from R51.2m in 2001. Attributable earnings rose to R81.3m, following a R4m loss the previous year. Group MD, Willem Barnard, ascribed profit increases to cost containment and a 41% rise in KWV product sales, nearly all of which where exports.

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The KWV Group has posted a conservative 2c dividend for the year ended in June 2002, in spite of a 91.5% increase in headline earnings, which rose by R46.9m to R98.1m from R51.2m in 2001. Attributable earnings rose to R81.3m, following a R4m loss the previous year. Group MD, Willem Barnard, ascribed profit increases to cost containment and a 41% rise in KWV product sales, nearly all of which where exports.

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