However, the group said the banking investments remained resilient during the year and contributed 46.2percent to its headline earnings.
Remgro reported a 4.4percent decline in headline earnings to R8.20billion, down from R8.57bn, while headline earnings per share declined by 4.2percent to 1448.9cents a share, down from 1512.6c compared to last year. The group said the decline in earnings was mainly due to lower earnings from RCL Foods, Community Investment Ventures Holdings, Total South Africa and the exclusion of Unilever South Africa Holdings due to its disposal.
Remgro’s intrinsic net asset value per share decreased by 9.3percent to R233.03 a share at the end of June, mainly as a result of the decline in Mediclinic International’s share price.
The group declared a 6percent increase in total dividend to 564c.