SENS

04-08-2008

Interim Results for the half-year ended 30 June 2008


• Revenue of R3,1 billion (2007: R2,4 billion)
Profit from Tongaat Hulett operations of R443 million
(2007: R308 million)
Headline earnings of R252 million
(2007: loss of R155 million – affected by corporate structuring transactions)
Interim dividend of 160

Commentary
Revenue increased by 28% to R3,1 billion in the first half of 2008. Tongaat Hulett’s profit from operations grew by 44% to R443 million (2007: R308 million). Benefits arose from a more competitive maize price, improved margins and volume growth in the starch operations. Higher contributions were earned from products supplied into the animal feeds and edible oil market sectors from both starch and sugar operations in South Africa. Increased profit contributions came from the sugar operations in Mozambique, Zimbabwe and Swaziland.

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