Diluted HEPS 151.6cps (+17.7% y-y).
Turnover from continuing operations decreased by 17.6% y-y to R4 846m. Gross turnover increased +1.1% y-y to R7 490m.
OPM from continuing operations decreased by 45bps to 11.0%.
Expenses from continuing operations decreased by 18.1% y-y while expense-to-sales of continuing operations decreased from 89.5% to 89.0%.
Dividend of 72.4cps (LY: 95.3cps incl. special dividend).
Cash generated from operating activities from continuing operations decreased by 19.8% y-y to R661m.
Revenue was impacted by reduced value-added services mineral export sales and charters.
The port of Maputo achieved record volumes of 12.6m tonnes, up 28% y-y. Grindrod’s drybulk terminals in Mozambique handled 12.9 million tonnes, up 14% y-y.
The conveyor belt linking Grindrod’s Navitrade drybulk facility in Richards Bay is now commissioned.
