Diluted HEPS from continuing operations 807.0 cps (FY22: 625.6 cps).
Revenue growth +22.6% y-y (FY22: 11.7% y-y), driven by strong demand for affordable protein, improved pricing and the weaker rand exchange rate.
Dividend of 435.0 cps (FY22: 346.0 cps).
GPM down to 28.6% (FY22: 30.8%) as higher input costs were not past onto the consumer in line with management’s strategy to maintain affordability.
Operating margin declined by -40bps to 14.9% (FY22: 15.3%).
PBT down marginally to 13.0% (FY22: 13.1%).
Expense-to-sales of 15.4% (FY22: 16.5%).
Daybrook was supported by record global pricing for fish oil.
Higher inventory holdings during the year allowed the group to capitalize on the ongoing demand for canned fish, fishmeal and fish oil.
