PPC (PPC) FY23 – Results Snapshot

Diluted HEPS -9cps down 30.8% y-y compared to -13cps LY. Diluted HEPS from continuing operations down 167% y-y to -8cps.
Revenue from continuing operations improved by 0.2% y-y to R9 902m.
GPM increased from 15.5% to 15.7%.
OPM fell from 4.2% to 2.2%.
Expenses increased by 20.6% y-y to R1 344m, expense to sales ratio increased from 11.3% to 13.6%.
No dividend.
Gross debt down 25.0% y-y to R1 189m.