Diluted HEPS of 67.6cps (+16.2% y-y).
Turnover growth up 9.6% y-y to R19.6bn.
Group GPM up 10bps to 22.4%.
Expenses grew 9.0% y-y to R5.0bn, with expenses-to-sales decreasing by 20bps to 25.4%.
OPM improved by 40bps to 5.3%.
Dividend of 27.0cps (1H24: 23.2cps).
Retail revenue grew by 7.1% y-y to R16.7bn with comparable pharmacy store revenue growth at 4.8%.
DCP opened a net 6 retail pharmacy stores, with the group footprint comprising 274 retail pharmacies and 53 retail baby stores.
Wholesale revenue grew by 10.1% y-y to R15.1 billion, with sales to owned stores up by 6.8% y-y. Wholesale revenue to independent pharmacies and The Local Choice (TLC) franchises grew by 26.6% y-y.
Wholesale expenses grew by 13.2% y-y, mainly due to the acquisition of the Longmeadow warehouse.
For the two-month period 1 September to 22 October 2024, Group revenue grew by 5.6% over the prior comparable period.
