Diluted HEPS -24cps compared to 28cps LY. DHEPS from Continuing Operations increased by 36.1% y-y from 83cps to 113cps.
Revenue declined from R8 445m (restated) to R8 250m, driven by weak performances from the Digital Transformation and Managed Services segments.
OPM improved from 6.4% (restated) to 8.5%.
Expenses decreased by 4.6% y-y to R7 637m. Expense to sales decreased from 94.8% (restated) to 92.6%.
Dividend of 58cps.
Cashflow from operations increased by 25.8% y-y to R1 225m.
Gross debt fell by 50.1% to R426m.
After restructuring Nexus, it was determined that the business is no longer core to the group’s operations. Nexus was classified as held for sale as Altron actively pursues opportunities to sell the business.
