Highlights I Financial
Operational | Financial | Shareholder |
Record port | Core | Core headline |
volumes | EBITDA | earnings |
30% | 16% | 26% |
5.9 million tonnes | R1.1 billion | R563 million |
Mozambique | Core ROE | Interim ordinary |
terminal volumes | dividend | |
17% | 19% | 100% |
6.0 million tonnes | Target of 15% | 34.4 cents per share |
Financial highlights | Port and Terminals | Logistics | ||
Core | 2023 H1 | 2022 H1 * | 2023 H1 | 2022 H1 * |
Rmillion | Rmillion | Rmillion | Rmillion | |
Revenue | 1 483 | 1 139 | 1 668 | 1 489 |
EBITDA | 576 | 451 | 497 | 547 |
EBITDA margin (%) | 39 | 40 | 30 | 37 |
Headline earnings | 393 | 299 | 172 | 240 |
Normalised headline earnings ** | 393 | 299 | 159 | 120 |
Return on equity (%) | 26 | 27 | 26 | 31 |
US Dollar based EBITDA (%) | 91 | 80 | 42 | 41 |
- Re-presentedfor changes in the composition of the segments ** Logistics normalised earnings derived as follows:
Rmillion
Headline earnings as reported above
Adjusted for:
Logistics
20232022
172240
KZN floods net insurance proceeds | - | (50) |
Northern Mozambique provisioning release | - | (10) |
Charters | (13) | (39) |
Grindrod Logistics (100% to 49%) | - | (21) |
Adjusted headline earnings | 159 | 120 |
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Grindrod Limited published this content on 19 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 September 2023 05:44:05 UTC.