Earnings releases


Interim Results for the half-year ended 30 June 2009


INCOME STATEMENT

  
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