Diluted HEPS of 875.0 cps (1H23: 162.0 cps).
Revenue growth of +4.0% y-y (1H23: +5.7%).
GPM increased from 13.9% to 20.1%.
Operating margin improved to 5.3% (1H23: 1.0%), as LY included a R740m cost related to load shedding.
Expense to sales increased to 15.5% (1H23: 13.3%).
No dividend (1H23: nil).
Higher broiler sales volumes despite broiler bird numbers being cutback for the period under review.
Sales volumes in the Feed division decreased by -18.7% y-y (163 527 tons) on the lower internal feed requirements in the Poultry Division, which also impacted the operating margin.
During the period under review, the Group disposed of its 9.8% investment in Quantum Foods Holdings Limited for cash proceeds of R141 million.
