Trading Statement – Transaction Capital’s core EPS from continuing operations for HY2023 is expected to decrease between 20% and 50% compared to HY2022. The Nutun division grew earnings, while WeBuyCars expects a decline in earnings due to margin pressure. SA Taxi faces structural headwinds, including increased fuel prices, vehicle prices, and costs of debt. The group is restructuring the SA Taxi business, including the sale of its auto refurbishment and repairs business, due to credit impairments. SA Taxi, previously 70% of earnings four years ago, is now the smallest segment, and WeBuyCars helped it avoid more significant losses.
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