Diluted HEPS down -12.8% y-y to 132.1cps.
Revenue up by 1.7% y-y.
Group GPM down from 45.8% to 43.2%.
Expense growth +8.8% y-y with expense to sales ratio up from 20.8% to 22.3%
OPM decreased from 30.3% to 25.4%
Dividend of 53.0cps (FY22: 61cps)
Gross debt down to R500m (LY: R552.0m) with net cash increasing to R1 049m (LY: R431m).
Group added net 5 stores (FY23: 216) to their retail footprint, with the multi-brand retail node in Walmer, Gqeberha commencing with trading on 1 July 2023.
Investment into production capacity for the group’s Betta Baths warehouse was postponed until the new Betta Sanitaryware warehouse is operational. Betta Sanitaryware will be fully operational by the end of the first quarter of the new financial year.
