Diluted HEPS 73.0cps (+20.5% y-y).
Turnover from continuing operations increased by 11.2% y-y to R2 470m. Gross turnover increased +32.0% y-y to
R3 795m.
OPM from continuing operations decreased by 52bps to 12.0%.
Expenses from continuing operations increased by 11.8% y-y while expense to sales of continuing operations increased to 88.0% from 87.5%.
Dividend of 34.4cps.
Cash generated from operating activities from continuing operations increased by 575.9% y-y to R103m.
Maputo port volumes increased by 30% y-y, resulting in 5.9 million tonnes exported during the period.
Grindrod is collaborating with Transnet Freight Rail and Mozambique Port and Railways (“CFM”) on the ongoing initiative to move cargo on trains between South Africa and Mozambique which is intended to improve train turnaround time and benefit export customers.
