Diluted HEPS of 13.9cps (+32.4% y-y).
Revenue growth of 5.2% y-y from R5 524m (restated) to R5 813m, driven by the strong performance of the Ambient Products category, which grew revenue by 9.1% y-y.
GPM increased by 30bps from 21.2% to 21.5%, due to effective price realisation, cost management, improved product basket mix and production efficiencies.
Operating expenses increased by 8.2% y-y, while expense-to-sales increased by 50bps from 17.8% to 18.3%.
OPM increased by 30bps from 3.3% to 3.6%.
Cash flow generated from operating activities increased 23.3% y-y from R109m (restated) to R134m.
Segments have been combined into two super-categories, in order to simplify the portfolio and operating model of the Group. The segments are now represented as Ambient Products and Perishable Products. Household and Personal Care (HPC) remains separate as the third operating segment.
