Diluted HEPS 122.8cps (-34.4% y-y).
Turnover decreased by 1.1% y-y to R6 173m.
OPM decreased by 170bps to 6.8% from 8.5%.
Expenses increased by 0.7% y-y. Expense to sales increased to 93.2% from 91.5%.
Interim dividend declared of 30.0cps.
Cash generated from operating activities down 47.5% y-y to R431m.
Containerboard and cartonboard demand remained subdued and selling prices were lower than the comparable prior year period, resulting in reduced revenue and operating profit in the Paper business.
The Plastics business increased revenue, primarily driven by higher sales volumes in the Bins and Crates and FMCG businesses.
