Remgro

Remgro HEPS -18.8% to 1018c a share | Decline mainly due to corporate actions, most of which are non-recurring. These actions had a negative impact of R766m compared to a positive R581m the previous year. Heineken’s IFRS 3 impact & difficult trading conditions significantly contributed to this decline | RCL Foods, TotalEnergies, OUTsurance, Siqalo Foods, & Air Products performed well, boosting contributions | Heineken posted a larger loss of R297m, partially offset by a higher contribution from Capevin | Remgro Intrinsic NAV +1% to R251 | Total Dividend +10% to 264c.
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