Diluted HEPS from continuing operations 81.1cps (1H23: 52.9cps).
Revenue growth from continuing operations +8.4% y-y to R20.1bn (1H23: +17.6% y-y).
Operating margin from continuing operations up by 220bps to 5.3% (1H23: 3.1%).
Total expenses from continuing operations up +5.9% y-y to R19.1bn. Expense-to-sales down to 97.7% (1H23: 96.9%).
PBT from continuing operations up by 220bps to 5.2% (1H23: 3.0%).
No dividend (1H23: nil).
Improvement in Rainbow segment results due to continued execution of turnaround plan.
The board provided preliminary approval on 1 March 2024 to pursue the formal separation of Rainbow, via an unbundling to shareholders and a concurrent listing on the JSE.
