Diluted HEPS from continuing operations improved from -71cps to -24cps. Diluted HEPS from total operations increased from -402 cps to -13cps.
Revenue increased by 8.0% y-y to R13 452m, driven by 25.5% y-y growth from the PIW segment.
GPM remained flat at 10.4%.
OPM increased from 0.7% to 1.3%.
Expenses fell by 6.3% y-y to R1 338m, while expense to sales ratio reduced from 11.5% to 9.9%.
No dividend.
Gross debt down 12.2% y-y to R925m, but up from R725m in December 2023.
Cash generated by operating activities improved from R112m to R962m.
Order book grew from R15.4bn to R17.2bn. The PIW order book decreased by 73% y-y to R0.5bn, while the Mining order book increased by 23% y-y to R16.7bn.
