HY Results – Net profit after tax rose 10% y/y to R493m, with HEPS up 12% to 607.2 cents. Total revenue rose by 5% to R1.45 bn, with non-trading revenue contributing 36% of operating revenue. Operating expenditure increased by 8% y/y to R949m, driven by personnel costs and regulatory fees. Net finance income grew 53% y/y to R135m due to rising interest rates. The Group remained cash generative, generating R488mn in net cash from operations. Capital expenditure was focused on core business protection and new business line growth, with a rise expected in H2 2023.
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