Diluted HEPS up 9.6% y-y to 33.2cps.
Turnover increased by 12.6% y-y to R1 931m.
OPM decreased by 60bps to 20.1%.
Expenses increased by 11.4% y-y with expense-to-sales decreasing from 81.4% to 80.5%.
Dividend of 15.0cps (LY: 13.0cps).
Cash generated from operating activities down 1.4% y-y to R379m.
Average occupancy up slightly from 56% to 58%.
The group has repaid its interest-bearing borrowings and is now debt-free, whilst still retaining access to R600m in debt facilities and R115m in overdraft facilities.
Taxation includes an R20m credit on the recognition of a deferred tax asset in Namibia.
Acquired 0.3 million shares in the odd-lot offer (average price: R4.71 per share). In addition, 11.4 million shares were re-purchased (average price: R4.37 per share).
