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Revenue of
R9.6 billion

Increase in gross profit margin from 10.33% to 11.87%

Gross profit of
R1.14 billion

Interest-bearing borrowings reduced to
R2.3 billion
(2019: R3.6 billion)

Net cash generated
from operating
activities of
R970 million

Headline earnings of
40.96 cents per share (2019: 39.98 cents per share)

Core headline earnings of 42.70 cents per share# (2019: 43.18 cents per

On inclusion of the gross amount generated on “PINless top-ups”, prepaid electricity, ticketing and gaming, the effective increase equated to 7% from R30.2 billion to R32.4 billion.
# On exclusion of non-recurring income pertaining to foreign exchange gains of R22 million, core headline earnings per share from continuing operations equated to 37.35 cents per share.