RFG Holdings Ltd (JSE:RFG)
R 19.1 0.17 (0.9%) Market Cap: 4.96 Bil Enterprise Value: 5.41 Bil PE Ratio: 8.91 PB Ratio: 1.29 GF Score: 86/100
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Half Year 2024 RFG Holdings Ltd Earnings Call Transcript

May 22, 2024 / 07:00AM GMT
Release Date Price: R13.59 (-0.07%)
Pieter Hanekom
RFG Holdings Ltd - Chief Executive Officer, Executive Director

Hello. Welcome to everyone and thank you for joining us in presenting the 20th set of results since the listing in 2014. We are extremely proud of the achievement and blessed to present a good set of results. Big thank you to our Board and employees for their support in delivering these numbers.

Looking at the presentation outline, I will do the review of the six months, after which Tiaan will do the financial performance. I'll take over doing the trading performance, looking at sustainability, strategy, and outlook, after which we'll field questions. Please post your questions via the webcast during the presentation, after which Tiaan and myself will handle it at the end of the presentation.

So if you just look at the review of the six months, we've seen a strong improvement in profitability despite the volume pressures. The group operating profit margin exceeded our target (technical difficulty) level despite some pressure on sales volumes. Margin improved by 100 basis points to 10.2%. Improvement due to

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