Diluted HEPS of 97cps (FY22: 102cps).
Revenue up by +5.6% y-y to R6.2bn.
GPM increased to 24.3% (FY22: 22.8%).
Operating margin down by -50bps to 7.5% (FY22: 8.0%).
Expense-to-sales flat at 19.0% (FY22: 19.0%).
Dividend up +5.3% y-y to 40cps (FY22: 38cps).
South African Fishing revenue increased despite difficult fishing conditions resulting in lower hake catch rates and lower sales volumes.
Acquaculture reduced operating loss by 39% to -R24m (FY22:-R40m) despite absorbing R8m in load-shedding related costs.
With effect from 1 July 2023, Cape Harvest Food Group Proprietary Limited (CHFG), disposed of 5% of its equity interest in BMFM.
Australia segment impacted by reduced prawn prices on a global basis as a result of higher inventories driven by tightening economic conditions and the slow opening of the Chinese market.
