Diluted HEPS increased from -1 324cps LY to 1 901cps TY.
Turnover increased by 6.4% y-y to R20 480m.
GPM increased from 9.7% to 17.0%.
Expenses increased by 0.6% y-y while expense-to-sales decreased by 70bps to 12.9%.
OPM increased from -3.2% to 5.5%.
Dividend of 520cps (LY: 0cps).
Cash generated from operating activities up from -R970.8m to R1 395m.
Broiler performances improved significantly following the normalisation of bird age and live weight in June 2023, as the backlog in the slaughter programme following the loadshedding crisis was cleared.
Bird flu remains a major risk to the local poultry industry, however progress is being made towards approvals for voluntary vaccination of broiler breeding stock.
