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DORETTE NEETHLING
Chief Financial Officer
HEPS
adjusted (continuing operations)
TRADING PROFIT
(R’000)
2015
2016
518 026
605 694
Operating expenses of R1.424 billion are 5% higher than the prior year
(R1.356 billion), mainly driven by higher selling and distribution tracking
higher sales and inflationary impacts on fixed and administrative
expenses.
Trading profit of R605.7 million is R87.7 million (16.9%) ahead of the
comparative year’s profit of R518.0 million.
16
,9%
2015
2016
238.6c
198.7c
Headline earnings for the year amounted to R376 million compared to R335 million in 2015.
This translates into headline earnings per share of 226.1 cents in 2016 (2015: 198.7 cents).
Excluding the once-off IFRS 2 charge mentioned earlier, headline earnings per share from
continuing operations would be 238.6 cents, an improvement of 20.1%.
20
,1%
FIVE
SIX
THREE
ONE
FOUR
TWO
OUR PERFORMANCE
(continued)
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Integrated Report 2016