Diluted HEPS 261.0cps (5.8% y-y) compared to 246.8cps LY.
Revenue increased by 9.6% y-y to R2 844m.
GPM increased from 33.4% to 34.2%.
OPM fell by 90bps to 18.8%.
Expenses up 21.8% y-y, expense to sales increased by 160bps to 15.7%.
Dividend of 40cps.
Cash from operating activities declined by 26.3% y-y to R577m.
Gross debt rose by 86.3% y-y to R520m.
Iron ore local sales volumes improved from 247 748 tonnes to 493 184 tonnes (+99% y-y) while international sales volumes decreased from 428 504 tonnes to 383 924 (-10.4% y-y).
Lafarge acquisition: Approval from the SARB has been received. Afrimat awaits section 11 and Competition Commission approval, which is expected before the end of FY24.
