Super Group's interim earnings dip amidst challenging market
** Super Group Limited announced unaudited interim results for the six months ended December 31, 2024, revealing a 7.6% decrease in revenue to R23.67 billion compared to R25.63 billion in the previous year. EBITDA also saw a dip, decreasing by 5.2% to R1.85 billion. Operating profit declined by 13.0% to R959.8 million, and profit before taxation fell by 19.0% to R587.7 million. Earnings per share decreased by 24.1% to 108.3 cents, and headline earnings per share decreased by 24.2% to 104.8 cents. The company attributed the revenue decline to weaker performance in its UK Dealerships and Supply Chain Africa Commodity businesses, though Fleet Africa showed improved operating profit margins. Looking ahead, Super Group expects slightly better earnings for the second half of the year and expects a satisfactory cashflow.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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