Diluted HEPS from continuing ops of 88.7cps (1H24: 72.1cps).
Revenue from continuing ops decreased by 4.0% y-y to R2 381m.
OPM from continuing ops increased from 10.4% to 17.6%.
Total expenses from continuing ops decreased by 11.7% y-y to R1 962m, while expense-to-sales from continuing ops decreased from 89.6% to 82.4%.
Dividend of 23.0cps (LY: 23.0cps), special dividend of 32.3cps.
Cash generated from operating activities from continuing ops increased from R211m to R298m.
Gross debt down to R1 645m (LY: R1 772m), with net cash increasing to R2 790m (LY: R1 961m).
The drybulk terminal operated by the Port of Maputo exported 6.5 mt for the period (2024 H1: 6.9 mt) whilst Grindrod’s drybulk terminals handled 7.9 mt (2024 H1: 8.4 mt).
One-off items totalling R902.8m, mainly consisting of foreign currency translation reserves, occurred in the period, which impacted the PBT margin.
