Diluted HEPS 1 907.6cps (+6.5% y-y).
Turnover increased by 6.7% y-y to R122.6bn.
GPM decreased by 60bps from 29.0% to 28.4%.
Expenses increased by 2.6% y-y. Expense to sales decreased from 19.1% to 18.3%.
OPM increased by 10bps from 10.0% to 10.1%.
Dividend of 914.0cps (FY23: 876.0cps).
Cash generated from operating activities up 16.4% y-y to R9 259m
Five out of the seven divisions reported profit growth with four delivering double-digit increases. The remaining two divisions, Commercial Products and Automotive, faced headwinds due to the high renewables base and a declining new vehicle market.
Disposed of Bidvest Bank and FinGlobal during the year. The remaining short-term insurance businesses were transferred to Automotive effective 1 July 2024.
