PPC (PPC) FY22 – Results Snapshot

Diluted HEPS -13cps (+13.3% y-y) compared to -15cps LY. Diluted HEPS from continuing operations down -250% y-y to -3cps.
Revenue from continuing operations improved by +10.6% y-y to R9 882m.
GPM decreased from 23.1% to 15.5%.
OPM fell from 22.7% to 4.2%.
Expenses well controlled, expense to sales ratio remained flat at 11.3%.
No dividend declared.
Gross debt down -39.8% y-y.