Total comprehensive income dropped by 53%, from R211 million to R98 million. Rand weakness put margins under pressure, particularly in the branded product distribution segment, which recorded a 52% decrease in operating profit as it struggled to find enough consumers to buy products. Performance was affected by significant investment in Seartec, the company’s automation and electronics distribution business. The investment include strengthening management structures, expanding product profile, higher profile property spending and upgrading the IT backbone, which Deneb has forecast will yield benefits in the medium term. The company is also focusing on a growing interactive online gaming market.