Financial Results

Earnings of R24.4 million, for the six months ended 31 August 2019, are marginally lower by 1.2% compared to the corresponding period of the previous year.

The somewhat lower Group results are mainly attributed to Carpe Diem Raisins, the Auction division and the Motor Vehicle Dealerships, with lower volume raisins sales, lower livestock auction numbers and lower vehicle sales margins respectively. The Agricultural Trade Division, SA Dorper (hides and skins) and the Fuel Division achieved good results.