Diluted HEPS up 13.4% y-y to 915.1cps (FY23: 807.0cps).
Revenue increased by 0.7% y-y to R10.1 billion (2023: R10.0 billion), primarily due to strong fish oil sales prices together with improved hake and squid sales volumes.
GPM improved by 320bps to 31.8%.
Expenses increased by 4.9% y-y to R1 618m. Expense-to -sales increased from 15.4% to 16.1%.
OPM increased from 14.9% to 16.2%.
Operating profit increased by 9.5% y-y to R1 632 million, reflecting stronger gross margins at Daybrook and Lucky Star Foods coupled with disciplined cost management.
Dividend of 495cps (FY23: 435.0cps).
Operating cashflow decreased by 24.4% y-y to R840m.
Gross debt increased from R2 271m to R2 880m. Net cash increased from R439m to R760m.
