Earnings releases
Interim Results for the half-year ended 30 June 2009
| Condensed consolidated |
|
|
Unaudited |
|
Unaudited |
|
Audited |
| |
|
|
Half-year |
|
Half-year |
|
Year ended |
| |
|
|
30 June |
|
30 June |
|
31 December |
| Rmillion |
Note |
|
2009 |
|
2008 |
|
2008 |
|
| Revenue |
|
|
3 852 |
|
3 109 |
|
7 106 |
| |
|
|
|
|
|
| Profit from operations |
|
|
864 |
|
443 |
|
1 132 |
| Capital profit on land |
|
|
2 |
|
15 |
|
22 |
| Capital profit on insurance claim |
|
|
12 |
|
|
|
49 |
| BEE IFRS 2 charge and transaction costs |
|
|
(15) |
|
(17) |
|
(33) |
| Zimbabwe consolidation take-on gain |
|
|
1 969 |
|
|
|
|
| Valuation adjustments |
|
|
(1) |
|
6 |
|
2 |
| |
|
|
|
|
|
| Operating profit |
|
|
2 831 |
|
447 |
|
1 172 |
| |
|
|
|
|
|
|
|
| Share of associate company's profit |
|
|
1 |
|
|
|
|
| Net financing costs |
1 |
|
(151) |
|
(85) |
|
(280) |
| |
|
|
|
|
|
| Profit before tax |
|
|
2 681 |
|
362 |
|
892 |
| |
|
|
|
|
|
|
|
| Tax |
2 |
|
(208) |
|
(84) |
|
(212) |
| |
|
|
|
|
|
| Net profit for the period |
|
|
2 473 |
|
278 |
|
680 |
| |
|
|
|
|
|
| Profit attributable to: |
|
|
|
|
|
|
|
| Shareholders of Tongaat Hulett |
|
|
2 419 |
|
266 |
|
649 |
| Minority (non-controlling) interest |
|
|
54 |
|
12 |
|
31 |
| |
|
|
|
|
|
| |
|
|
2 473 |
|
278 |
|
680 |
| |
|
|
|
|
|
| |
|
|
|
|
|
|
|
| Headline earnings attributable to Tongaat Hulett shareholders |
3 |
|
440 |
|
252 |
|
583 |
| |
|
|
|
|
|
| Earnings per share (cents) |
|
|
|
|
|
|
|
| Net profit per share |
|
|
|
|
|
|
|
| Basic |
|
|
2 342.9 |
|
258.1 |
|
629.7 |
| Diluted |
|
|
2 305.5 |
|
251.6 |
|
616.8 |
| |
|
|
|
|
|
|
|
| Headline earnings per share |
|
|
|
|
|
|
|
| Basic |
|
|
426.2 |
|
244.6 |
|
565.6 |
| Diluted |
|
|
419.4 |
|
238.3 |
|
554.1 |
| |
|
|
|
|
|
|
|
| Dividend per share (cents) |
|
|
100.0 |
|
160.0 |
|
310.0 |
| |
|
|
|
|
|
|
|
| Currency conversion |
|
|
|
|
|
|
|
| Rand/US dollar average |
|
|
9.20 |
|
7.66 |
|
8.27 |
| Rand/US dollar closing |
|
|
7.74 |
|
7.83 |
|
9.30 |
| Rand/GB pound closing |
|
|
12.73 |
|
15.58 |
|
13.45 |
|