Redefine

Redefine’s FY 24 HEPS +57% to 33c | EPS was 59c vs the BB est. of 51c | Revenue +7.5% to R10.7 bn | Dividend -2.9% to 42.5c| Net asset value per share +2.9% to 788c | Positive shift in confidence due to political stability, electricity supply & lower interest rates | Loan-to-value of 42.3% (FY 23: 41.1%).
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