Earnings releases
Interim Results for the half-year ended 30 June 2008
| Condensed consolidated |
|
Unaudited |
|
Unaudited |
|
Audited |
| |
|
Half-year |
|
Half-year |
|
Year ended |
| |
|
30 June |
|
30 June |
|
31 December |
| |
|
2008 |
|
2007 |
|
2007 |
| Rmillion |
Note |
|
|
Restated |
|
Restated |
|
| Revenue - continuing operations |
|
3 109 |
|
2 434 |
|
6 395 |
| |
|
|
|
|
| Profit from Tongaat Hulett operations |
|
443 |
|
308 |
|
838 |
| Capital profit on land |
|
15 |
|
5 |
|
48 |
| BEE IFRS 2 charge and transaction costs |
|
(17) |
|
(354) |
|
(383) |
| Valuation adjustments |
1 |
6 |
|
3 |
|
(1) |
| Fair value adjustment of investment in Hulamin |
|
|
|
3 348 |
|
3 348 |
| |
|
|
|
|
| Operating profit after corporate transactions |
|
447 |
|
3 310 |
|
3 3850 |
| Net financing costs |
2 |
(85) |
|
(37) |
|
(119)
|
| |
|
|
|
|
| Profit before tax |
|
362 |
|
3 273 |
|
3 731 |
| Tax |
3 |
(84) |
|
(106) |
|
(288) |
| |
|
|
|
|
| Net profit after tax |
|
278 |
|
3 167 |
|
3 443 |
| Discontinued operation |
|
|
|
|
|
|
| Hulamin unbundling |
|
|
|
42 |
|
42 |
| |
|
|
|
|
| Net profit for the period |
|
278 |
|
3 209 |
|
3 485 |
| |
|
|
|
|
| |
|
|
|
|
|
|
| Attributable to: |
|
|
|
|
|
|
| Shareholders |
|
266 |
|
3 198 |
|
3 457 |
| Minority interest |
|
12 |
|
11 |
|
28 |
| |
|
|
|
|
| |
|
278 |
|
3 209 |
|
3 485 |
| |
|
|
|
|
| Headline earnings/(loss)
attributable to shareholders |
4 |
252 |
|
(155) |
|
61 |
| |
|
|
|
|
| |
|
|
|
|
|
|
| Earnings per share (cents) |
|
|
|
|
|
|
| Net profit per share |
|
|
|
|
|
|
| Basic |
|
258.1 |
|
2 993.9 |
|
3 292.8 |
| Diluted |
|
251.6 |
|
2 935.0 |
|
3 220.7 |
| |
|
|
|
|
|
|
| Headline earnings/(loss) per share |
|
|
|
|
|
|
| Basic |
|
244.6 |
|
(145.1) |
|
58.1 |
| Diluted |
|
238.3 |
|
(142.3) |
|
56.8 |
| |
|
|
|
|
|
|
| Dividend per share (cents) |
|
160,0 |
|
150.0 |
|
310.0 |
| |
|
|
|
|
|
|
| Currency conversion |
|
|
|
|
|
|
| Rand/US dollar average |
|
7.66 |
|
7.16 |
|
7.05 |
| Rand/US dollar closing |
|
7.83 |
|
7.05 |
|
6.84 |
| Rand/GB pound closing |
|
15.58 |
|
14.14 |
|
13.61 |
|