• The Tongaat-Hulett Group operating profit grew by 40% to exceed R1 billion for the first time with ROCE increasing to 14,8%.
  • Morelandís fourth successive year of record breaking performance with revenue increasing by 30% and operating profit increasing by 41% to R325 million.
  • Rolled products sales volumes increased by 6% to 183 000 tons annualised with Hulett Aluminiumís revenue exceeding R5 billion for the first time and operating profit increasing by 32% to R422 million.
  • Earnings growth acceleration continued in sugar operations with operating profit increasing by 42% to R356 million including dividends of R61 million received from Triangle in Zimbabwe.
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CHAIRMAN'S STATEMENT

Cedric Savage   It gives me great pleasure to report on another successful year for the Tongaat-Hulett Group and an increase of 51 percent in headline earnings to a record of R703 million in 2006.
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CHIEF EXECUTIVE'S REVIEW

Peter Staude   The Tongaat–Hulett Group continued to capitalise on and strengthen its competitive strategic platform during 2006. Improving global fundamentals combined with key management actions resulted in headline earnings growth of 51 percent.
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Annual Report 2006 [cover]

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TONGAAT-HULETT - AN INTRODUCTION

The Tongaat-Hulett Group has a proud history dating back to the 1850ís. It has demonstrated the ability to transform itself and capitalise on opportunities in changing business environments. The Group, like many South African companies, has evolved from a diversified industrial business to its current composition.
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SUSTAINABILITY REPORT 2006

The Tongaat-Hulett Group views the components of triple bottom line sustainability as integral to its business and constantly strives to create value for all its stakeholders, and to promote the upliftment and socioeconomic development of the communities in which it operates.
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CORPORATE GOVERNANCE

The Tongaat-Hulett Group is committed to upholding the principles of the Code of Corporate Practices embodied in the 2002 King Report and views the implementation of good corporate governance practices as integral to its business.
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FINANCIAL QUICKLINKS

Definitions
Segmental Analysis
Five Year Review
Report of the Independent Auditors
Certificate by Company Secretary
Directors' Approval of Annual Financial Statements
Statutory Report
Balance Sheets
Income Statements
Statement of Changes in Equity
Cash Flow Statements
Accounting Policies
Notes to the Annual Financial Statements

FINANCIAL HIGHLIGHTS

    2006 2005
Revenue (Rmillion)   7 848 6 926
Operating profit (Rmillion)   1 020 730
Headline earnings (Rmillion)   703 466
Headline earnings per share
Ė basic (cents)
  666,4 452,4
Annual dividend per share (cents) 550,0 400,0
   Interim paid   200,0 120,0
   Final proposed   350,0 280,0
     

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