Tongaat Hullet's: Earnings soar

2010-05-18 00:00

HEADLINE earnings of the KZN-based sugar producer, Tongaat Hulett, are expected to be between 34% and 38% higher this year compared with the corresponding 15 months, the company said in a trading statement for the 15 months ended March 31, 2010.

“Tongaat Hulett’s financial year-end has changed to [March 31] … Headline earnings … are expected to be between R840 million and R860 million.”

Operating profit is expected to be between R1,65 billion and R1,7 billion, a rise of between 25% and 29%.

“As reported in the interim results for the six months to [June 30, 2009] and the 12 months to [December 31, 2009], the Zimbabwe operations are now consolidated in Tongaat Hulett’s financial results [which] gave rise to a balance sheet take-on gain of R1,969 billion …

Total net profit for the 15 months is expected to be approximately R3 billion … [and] 2800 cents per share.”

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside News24

 
/News

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.