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Beige H1 HEPS of -2.45 cents per share

Turnover grew by 2%

Turnover grew by 2% compared to the six months ended 31 December 2013, reflecting a growth of R15.5m in Outsource Manufacturing but a reduction of R10.1m in Packaging.

Gross margins deteriorated from 9.3% in December 2013 to 7.9% in June 2014 to 5.9% for the period under review.

Operating loss before impairment charges of the Group amounted to R 24.0m compared to December 2013 of R 18.2m.

Headline earnings per share of -2.45 cents (2013: -1.19 cents).

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