Hudaco Industries Ltd (HDC) FY22 Results Snapshot

Diluted HEPS of 1926 cps (FY21: 1608 cps). Turnover growth of +12.3% (FY21: 16.1%). GPM marginally decreased -30 bps to 36.7% (FY21: 37.0%). Operating margin up by +100bps to 12.5% (FY21: 11.5%). Expenses well managed in a high inflation environment and continued power disruptions with Expense to sales down -100bps to 24.6% (FY21: 25.6%). Final dividend up +21.7% to 925 cps (FY21: 760).