Diluted HEPS 71.4cps (-87.3% y-y) compared to 560.7cps LY.
Revenue increased by 36.7% y-y to R8 318m, driven by the acquisition of Lafarge.
GPM decreased from 34.2% to 18.0%.
OPM fell from 18.9% to 5.7%.
Profitability was impacted by the tougher conditions in the iron ore market and the cement business not reaching management’s guidance of break even.
Operating expenses increased by 28.6% y-y, expense-to-sales fell from 15.4% to 14.5%.
Dividend of 25cps.
Cash from operating activities declined from R1 237m to R240m.
Gross debt rose from R557m to R1 859m.
