SIMON BROWN: I’m chatting now with Eddie Fivaz, CFO at TWK. Results [are out] for August, 2022 – that’s the year-end. Revenue up 17.7%, headline earnings a little over 45% higher, and a R1.50 full-year dividend. That’s a little over 31% higher. Eddie, I appreciate the time today. You talk around, as a corporate strategy, optimising value chains. I look at these results and that suggests that’s very much what’s happening in the business. And you’re getting some market share at the same time.
EDDIE FIVAZ: Definitely a foot in the door. That’s our expectation. So our exports are up 88% percent on the previous year. And even with that higher volume, it’s not the highest volume that we’ve had in the past. Pre-Covid our volumes were close to 800 000 tonnes compared to the 660 000 tonnes that we had this year. We expect our exports for the new financial year to be on par with our maximum capacity at our export facility.
EDDIE FIVAZ: Simon, any loss is significant for us and we don’t like any losses. But luckily because of our diversified model, not only in terms of different segments, but also diversified in our timber segment, we were able to supply the timber to different markets, luckily. But we think that we will be able to supply the mines with our timber products in the new financial year. But like I said, good growth from other markets. And so it will not influence us as badly.
There’s also a good expectation for revenue certainty of farmers in 2023, given the elevated Safex commodity prices and also the expectations of good rain.
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