Diluted HEPS 47.7cps up +6.0% y-y.
Revenue growth +5.2% y-y. Selling price inflation and mix changes contributed 10.0% to sales growth.
GPM increased marginally to 20.8% (FY22: 20.7%).
Expenses decreased 5% y-y to R2.2bn with expense-to-sales ratio down to 17.4%.
Operating margin increased by 230bps to 4.3% (FY22: 2.0%).
PBT % increased to 2.5% (FY22: 0.6%).
Dividend of 15cps (FY22: 22cps).
Volumes declined by 4.8% y-y due to a decline in retail, industrial and export channels.
Margins improved as a result of improved capacity utilisation, production efficiencies, pricing and cost management.
