Diluted HEPS 91.4cps (LY: 245.1cps).
Turnover increased by 16.5% y-y to R23.3bn.
Expenses increased by 16.4% y-y while expense-to-sales remained relatively flat at 95.1%.
OPM remained relatively flat at 5.2%.
Fair value loss on call option derivative of R426m (LY: gain of R157m). PBT margin decreased from 5.2% to 2.6%.
Dividend of 25cps. Total pre-listing dividends of 164 629cps (R3.4bn) declared in FY24 (16 400cps in FY23, R340m).
Cash generated from operating activities increased by 1.6% to R591m.
Buying volumes up 17.8% to 167 741 units and selling volumes up 16.4% y-y to 165 185 units.
Management refinanced the property portfolio at a lower interest rate and more recently has also lowered the interest rates on the working capital facilities.
