Earnings releases


Interim Results for the half-year ended 30 June 2004


INCOME STATEMENT

   

    Unaudited   Unaudited   Audited
    Half-year   Half-year   Year ended
    30 June   30 June   31 December
    2004   2003   2003
   Rmillion Note     Restated    
   Revenue   2 950   3 021   6 559
   
 
 
   Underlying operating profit   180   260   452
   Triangle dividend   21       19
   Restructure costs   (22)        
   Valuation adjustments on            
      financial instruments and other items 1 (21)   (375)   (398)
   Exceptional items   1       7
   
 
 
   Operating profit 9 159   (115)   80
   Net financing costs 2 (70)   (102)   (152)
   
 
 
   Earnings/(loss) before tax   89   (217)   (72)
   Tax 3 (14)   33   77
   
 
 
   Earnings/(loss) after tax   75   (184)   5
   Share of associate company’s loss   (12)   (15)   (45)
   Minority shareholders’ share of earnings   (6)       (1)
   
 
 
   Total net earnings/(loss)   57   (199)   (41)
   
 
 
   Earnings/(loss) per share (cents)            
         Total net earnings/(loss)            
            Basic   56,2   (196,3)   (40,4)
            Diluted   55,8   (195,3)   (40,3)
         Headline earnings/(loss)            
            Basic   55,2   (196,3)   (91,7)
            Diluted   54,8   (195,3)   (91,3)
   Dividend per share (cents)   50,0   40,0   120,0
   Currency conversion            
         Rand/US dollar average   6,67   8,03   7,55
         Rand/US dollar closing   6,23   7,48   6,67
         Rand/GB pound closing   11,29   12,37   11,94