Record annual revenue
11% to R128,7 billion
Operating profit
6% to
R6,4 billion
Earnings per share (EPS)
38% to
1 681 cents

per share

27% to
1 570 cents

per share
Free cash
capital expenditure)

17% to
R5,0 billion

(2017: R4,3 billion)
Free cash
ratio of

1,6 times
in line with 2017

Net debt to equity ratio improved significantly to
from 74% in June 2017 and 84% in December 2017
Return on equity (ROE)
(2017: 12,7%)
Return on invested capital (ROIC)
(2017: 11,3%)

Weighted average cost of capital (WACC)
(2017: 9,0%)
Full-year dividend
9% to 710 cents
per share; 45% of headline earnings per share (HEPS)
(2017: 650 cents per share)

Note: ROE, ROIC and WACC are calculated on a rolling 12-month basis, excluding Regent. Total EPS and HEPS excluding Regent in the prior year.

Divisional revenue
June 2018
Divisional revenue
June 2017

Based on external revenue excluding businesses held for sale.

Divisional operating profit
June 2018
Divisional operating profit
June 2017

Excludes businesses held for sale, head office, eliminations and Regent.

R million
Operating profit
R million
Headline earnings per share
Total assets
R million

Excludes Regent.