Metair Investments Ltd (JSE:MTA)
R 10.87 0.03 (0.28%) Market Cap: 2.11 Bil Enterprise Value: 5.53 Bil PE Ratio: 0 PB Ratio: 0.38 GF Score: 68/100
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Half Year 2024 Metair Investments Ltd Earnings Call Transcript

Sep 26, 2024 / 08:00AM GMT
Release Date Price: R14 (-1.89%)
Paul O;Flaherty
Metair Investments Ltd - Chief Executive Officer

' -

Good morning, everybody. If we can start, my name is Paul O'Flaherty. I'm the CEO of Metair Investments Limited. And I'm joined today by Anesh Jogia, the CFO of Metair.

So welcome to all of you as we present our interim results. And the context of our results is quite a moment, I believe, in the history of Metair as we move out of one of our largest subsidiaries in Turkey, restructure the company, reinvest in South Africa in one of our largest subsidiaries, Hesto. And whilst we do this, together with the Board, we're looking at refocusing and diversifying our operations. It's really important for Metair in this stage of its journey to reset and grow.

So they are the financial highlights, which Anesh will take you through the detail. But just a couple of points worth noting. And if you look at our EBITDA and our EBIT, so on a reported basis, we've seen a decrease in both primarily as a result of hyperinflation accounting in Turkey. And the reasons for that hyperinflation accounting are non-operational, and

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