JSE-listed KAP Industrial Holdings grew its revenue by 16% to R13.29-billion in the interim period to the end of December, up from R11.48-billion during the first half of 2018, the company reported on Tuesday. The diversified industrial firm, however, posted lower headline earnings of R612-million, compared with R738-million a year earlier, mainly owing to the impact of a R194-million non-cash broad-based black economic empowerment (B-BBEE) transaction.