Libstar

Half year results – Revenue rose 4% to R5.78bn. Volume sales declined by 7%, on the back of a weaker consumer. Gross margins fell 2.1% to 20%. Normalised EBITDA fell 18.3% to R406m. Diluted HEPS came in 58% lower to 10.5c. Debt to ebitda worsened to 1.9x from 1.5x.
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