I NTE RIM RE SU L T S FY20 2 0 Inc ome s t a t emen t 28 R e v enu e u p 19 t o R 28 0 b illi on Ran d r ev en u e b ask e t 41 h igh er y ea r on y ea r P art ially off se t b y low er sales v olu mes an d b u ild in in v en t or y Cos t of sa le s inc r eased 8 H igh er c os t of me t als p u r c h ased b y IR S C os t in f la t ion P art ially off se t b y b u ild u p in in v en t or y S t ock adjus t e d Group unit c os t in c r e ased b y 1 5 t o R13 1 5 7 p er 6E oun c e Oth er e xp ens e s inc r eased signific an tly R50 9 millio n p r emiu m p aid on in c en t iviz ed ea rly c on v er sion of t h e US b on d R ev alu a t ion of d eriv a t iv e f in an c ial in s t ru men t s Headline earnings u p 41 t o 4 36 c en ts p er shar e Acq ui si t ion of NAP n ow I m p ala C an ad a e f f ec tiv e 13 Dec em b er 20 19 18 d a y s in c lu d ed in t h e h alf y ea r r esu lt s R m illi on H1 FY 20 20 H1 F Y20 19 V arianc e S al es 28 01 9 23 52 1 19 C os t of sales 2 1 85 3 2 0 28 9 8 Gr oss pr ofit 6 16 6 3 23 2 91 Ne t fin an ce c os ts 346 417 17 Ne t f or ei gn e x ch an g e losses 222 165 35 O the r ne t e xp en ses in c ome 1 06 6 500 100 S ha r e of associ a t es in c ome 247 203 22 Pr ofit be f or e t a x 4 77 9 3 35 3 43 T a x 1 31 2 895 47 Pr ofit a ft er t a x 3 46 7 2 45 8 41 GP mar gin 220 13 7 61 EB ITD A 7 56 8 5 79 3 31 Head lin e ea rn in gs 3 37 8 2 22 8 52 Gr ou p un it c os t s t oc k ad ju s t ed R 6 E o z 13 15 7 11 41 3 15