FY Results – Results for the 52 weeks ending 26 February 2023. Despite the unprecedented level of load shedding, the group saw an 8.9% increase in turnover to R106.6 billion. However, trading profit declined by 4.3%, and profit before tax declined by 15.1% year-on-year. The group managed to hold year-on-year trading expense growth to just 11.9%, and underlying gross profit margin remained flat at 19.6%. The group declared a final dividend of 185.15 cents per share.
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