Discovery earnings growth strengthened in its latest financial year as investments in banking, health and international operations increasingly translated into profit and cash generation.
The group reported a 17% increase in normalised operating profit to R17.75 billion. Cash conversion reached 85%, while the full-year dividend increased 33% to 384 cents per share.
Discovery’s share price has also reflected growing investor confidence. At R259.70, the share had gained 17.99% over one year and 75.72% over three years.