Diluted HEPS 1 428cps (-27.5% y-y).
Turnover increased by 6.8% y-y to R113 764m.
Expenses increased by 7.1% y-y with expense-to-sales increased from 92.4% to 92.7%.
OPM decreased by 50bps to 4.8%.
Dividend of 520cps (LY: 710cps).
Cash generated from operating activities improved from -R1 187m to R3 533m.
Revenue in the comparative period has been restated due to the adoption of IFRS 17.
In SA, the import and retail businesses were negatively impacted by a tough trading environment, pressure on consumer affordability, a buying-down trend and fierce competition.
In the UK, new vehicle production steadily improved this financial year and has stabilised across most OEMs. This has resulted in margins being under pressure on new vehicles and resulted in a price correction of pre-owned vehicles in the first half of the financial year.
