Financial highlights

Six months to 31 December 2019

Revenue

R41 954 million


(2018: R39 379 million)

Operating profit

R1 831 million


(2018: R1 838 million)

Earnings per share

479 cents per share


(2018: 436 cents per share)

Cash generated by operations

R1 121 million


(2018: R382 million)

Return on invested capital*

12,6%


(2018: 14,3%)

Weighted average cost of capital*

10,3%


(2018: 10,8%)

Headline earnings per share

517 cents per share


(2018: 474 cents per share)

Interim dividend

240 cents per share


(2018: 240 cents per share)

Strong
performance
in a challenging
environment

Net debt to EBITDA*

1,8 times



(2018: 1,5 times)

Net debt to equity*

73,6%



(2018: 63,4%)

Net asset value per share

6 221 cents
per ordinary share

(2018: 6 145 cents per ordinary share)


Note: Return on invested capital and weighted average cost of capital are calculated on a rolling 12-month basis.

* Excludes the impact of IFRS 16.

REVENUE


OPERATING PROFIT