Grindrod Ltd (GND) Results Snapshot FY22

Diluted HEPS up +39.7% y-y to 128.8cps (LY: 92.2cps).
Turnover from continuing operations increased by +72.2% y-y to R5 884 (LY: R3 417m). Gross turnover increased +58.1% to R7 405m (LY: R4 683).
OPM from continuing operations decreased to 10.5% (LY:13.1%).
Expenses from continuing operations increased by +77.2% y-y to R5 265m (LY: R3 331m). Expense to sales of continuing operations decreased to 89.5% (LY:86.3%).
Final dividend of 95.3cps declared.
Cash generated from operating activities from continuing operations decreased by -34.4% y-y to R524m (LY: R798m). Gross cash generated from operating activities increased by +62.5% y-y to R1 688m (LY: R1 039m).
Grindrod Bank has been sold to African Bank , figures have been restated accordingly.