Diluted HEPS from continuing ops 416.5cps (+14.8% y-y).
Sale of David Jones completed in March; DJ results included for 9 months as discontinued operations. Gross proceeds R1.1bn with profit on disposal of R411m.
Turnover and concessions sales from continuing operations up 10.8% y-y, and 9.3% y-y in constant currency.
GPM improved from 36.5% to 37.1%, with margin improvements across all divisions.
Expense growth (cont. ops) +15.6% y-y with expense to sales ratio up from 27.1% to 28.3%.
OPM (cont. ops) increased from 8.9% to 9.2%.
Dividend of 303.0cps (FY22: 229.5cps).
Gross debt up to R5.0bn (FY22: R4.8bn) with cash R2.6bn (FY22: R5.1bn).
Outlook for FY24 – challenging in both regions with Australia affected by high inflation and rising interest rates, SA energy shortage impacting costs.
