HY results: Intrinsic NAV /share -5% to R237 at 31 Dec, share 31% discount to NAV. HY Div flat 80c. R3.5bn Heineken beverages impairment. HEPS -39% (> middle guidance) Due to prior FSR special div & KTH & GND gains, a Heinken loss (-208m) and Mediclnic costs.
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