SENS

31-03-2012

Audited Results for the year ended 31 March 2012


COMMENTARY 

Tongaat Hulett’s total sugar production for the 2011/12 year grew by 14 to 1,150 million tons. This included increases of 42 in Mozambique, 12 in Zimbabwe and 7 in South Africa. The cane supplied to all the sugar mills grew to 9,6 million tons, with significant momentum building in the various on-going cane supply initiatives. The starch operations benefitted from world competitive maize costs and improved co-product recoveries. An increasing number of hectares of land are moving towards becoming active developments, with the first sales of industrial land in Cornubia having been concluded in March 2012.

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