Diluted HEPS from continuing ops down from -47cps (restated) to -71cps. Diluted HEPS from total ops down from 31 cps to -473cps.
Revenue grew by 42.3% y-y to R12 460m in FY23 over the restated FY22 revenue of R8 755m, driven by 70.2% y-y growth from the Americas mining division.
Mining revenue grew by 40.1% y-y to R11.1bn, while PIW revenue grew by 64.3% y-y to R1.3bn. The strong growth driven by renewable projects with revenue increasing by 150% y-y to R1.1bn for the Transmission & Distribution division.
GPM improved from 10.3% to 10.4%.
OPM fell by 20bps to 0.7%.
Expense to sales ratio reduced from 13.1% to 11.5%.
No dividend.
Gross debt -42.0% y-y.
Cash generated by operating activities improved from -R175m to R122m.
Order book fell by 12.5% y-y to R15.4bn and Near Orders fell by 43.8% y-y to R9.1bn.
