Highlights

11%		18,6%
increase in revenue to R8,4 billion		increase in EBITDA to R368 million
24%		9%
increase in gross profit to R621 million		decrease in core earnings to 25,59 cents
Positive growth in both South African and International Distribution		R316 million
		cash flows from operating activities

INTRODUCTION

Against the background of the global economic crisis, the group achieved EBITDA of R368 million, equating to 24% growth year on year. This again endorses the group’s ability to achieve compounded growth in spite of volatile economic conditions.

Revenue enhancement, margin improvement and the containment of overheads were the contributors to this growth.

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