Earnings releases


Interim Results for the half-year ended 30 June 2008


INCOME STATEMENT

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