Diluted HEPS from cont. ops. of 1 721 cps (+0.6% y-y).
Revenue growth of 0.7% y-y to R37 662m, driven by price inflation of 7% y-y, offset by volume declines of 6% y-y.
GPM up 60 bps to 28.3%, driven by continuous improvement initiatives, including value engineering savings of recipes and packaging.
Expenses increased by 3.0% y-y while expenses-to-sales increased from 19.9% to 20.3%.
Operating margin before non-operational items increased marginally to 8.3% (FY23: 8.2%) against the backdrop of implementing a new operating model and a challenging operating environment.
Dividend of 1 034 cps (FY23: 991 cps).
Cash generated from operating activities up from R1 934m to R4 589m.
For the domestic business, volume declines were 8% y-y, partially offset by strong growth in exports of 6% y-y and International of 5% y-y.
