Published on: May 7, 2019
A strong start to FY 2019E
Continuing the momentum seen in the FY 2018 results, Kape’s AGM statement confirms that the Group has enjoyed a strong start to the current financial year with trading in-line with expectations. Subscriber numbers are up 14% since December 2018. Both acquisitions made last year are enjoying the benefits of Kape’s digital marketing expertise which are being realised in new user growth and expanded market reach. The statement also notes the continued strengthening of the Group’s global brand and the growing demand from consumers to protect and control access to their private data. We note the positive trend in user growth which the company expects to translate into profitability in the following periods.