Earnings releases

Interim Results for the half-year ended 30 June 2003

Registration No.1892/000610/06
Share code TNT 
ISIN ZAE000007449

for the half-year ended 30 June 2002

  • Revenue up 17%
  • Operating earnings up 25%
  • Headline earnings up 7%
  • Headline earnings excluding translation loss up 34%
  • Interim dividend 80 cents per share

The unaudited results of the Group for the half-year ended 30 June 2002 have been prepared on a basis consistent with the prior year’s unaudited interim report and the audited annual financial statements at 31 December 2001. The principal accounting policies of the Group conform with South African Statements of Generally Accepted Accounting Practice. As the earnings of Tongaat-Hulett Sugar
are seasonal, 50 percent of the current year’s estimated results have, as in previous years, been included in the income statement for the half-year. Apart from this, the interim report has been prepared in accordance with accounting standard AC 127 (Interim Financial Reporting).