FY23 figures restated to reflect TCN as discontinued ops.
Diluted HEPS 496.0cps (+17.5% y-y), FY23 restated to 422.0cps.
Net Income increased by 5.1% y-y to R12 575m, FY23 restated to R11 970m. Turnover from net gaming wins increased by 3.6% y-y to R9 585m, FY23 restated to R9 250m. Turnover from other revenue increased by 9.9% y-y to R2 990m, FY23 restated to R2 720m.
Expenses increased by 5.0% y-y while expense-to-sales remained flat at 78.9%. OPM remained flat at 21.1%.
Dividend of 398.0cps (FY23: 351.0cps).
Cash generated from operating activities down 3.1% y-y to R3 118m.
Gross debt decreased by 18.5% y-y to R5 945m. Discontinued Nigerian ops accounted for R815m of debt in the prior period.
The transaction purchase price payable by RFC to SUI for TCN amounted to US$14.55m, the proceeds received (US$10.8m) have been applied against SUI’s debt.
