Diluted HEPS 31.0cps (+28.6% y-y).
Turnover increased by 14.0% y-y to R1 612m, driven by the growth in students (8% y-y).
Expenses increased by 12.6% y-y, while expense-to-sales decreased from 77.4% to 76.4%.
OPM increased by 100bps to 23.6%.
Dividend of 15.1cps (FY23: 10.0cps).
Contact learning student numbers for semester 2 increased by 7.6% y-y to 6 264 students. Distance learning student numbers for semester 2 increased by 7.6% y-y to 43 775 students.
Cash generated from operating activities increased from R246m to R356m.
Total capex of R106m. R32m allocated to the new Durbanville campus and other campus-related developments, R16m to solar installations and R29m to new curriculum and software development.
The carrying value of the Randburg land and buildings was impaired by R7m to R19m. The property is classified as held for sale at year end.
