Mar 12, 2024 / NTS GMT
Shirley Maltz - HomeChoice International plc - Executive Chairman Of the Board
Morning, everyone. Thank you for your attendance. This is the HiL 2023 financial year results. Just before we get into the numbers, we would love your questions. We will be answering questions at the end of the presentation. But in there is a questions tab in the application that during the course of the presentations, you can write your questions as may come up.
So going into the results, fintech business has continued to dominate our profits with double-digit profit growth for the year. Operating profit is at 28% to ZAR620 million.
Before I get into the results in too much detail, I just wanted to remind you of who the group was. We have two divisions. Our Heritage business Home Choice as an omnichannel retailer operating in the mass market dominated by takedowns. Their revenues -- their retail sales were down 24% to ZAR1.2 billion during the course of the year. We made a decision in April of this year to severely curtail their credits. And this is why their retail sales were down for the year.
On the
Full Year 2023 HomeChoice International plc Earnings Call Transcript
Mar 12, 2024
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