Operational Update and Trading Statement – In terms of divisional operational performance, PG Bison experienced growth supported by increased production capacity and robust demand, although domestic market demand softened towards the end of the period. Restonic had lower sales volumes and higher costs, partially due to lower retail footfall caused by loadshedding. Feltex performed well, benefiting from increased vehicle assembly volumes and price adjustments on contracts. Safripol’s performance declined due to lower margins, weaker domestic demand, and plant breakdowns. Unitrans saw a decline in performance due to the loss of a major contract and adverse weather conditions. Optix faced challenges due to currency fluctuations. HEPS from continuing operations is expected to decrease by at least 22.3 cents to not more than 52.1 cents (FY22: 74.4 cents). Results are out 30 August 2023.
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