SENS

16-05-2013

TONGAAT HULETT: TRADING STATEMENT FOR THE YEAR ENDED 31 MARCH 2013


Tongaat Hulett Limited
(Registration number 1892/000610/06)
Share code: TON
ISIN ZAE000096541

TONGAAT HULETT:   TRADING STATEMENT FOR THE YEAR ENDED 31 MARCH 2013

The following trading statement is issued for the year to 31 March 2013.

Headline earnings are expected to increase by 18,7 to R1,058 billion for the year, compared to the R891 million earned last year. Headline earnings per share for the year are expected to be 959 cents per share (2012: 838 cents per share), a 14,4 increase.

Profit from operations is expected to increase by 11,7 to R2,145 billion (2012: R1,921 billion), with the following major elements: Profit from the starch operations amounting to R388 million (2012: R363 million). Profit from the land conversion and development operations increasing to R350 million (2012: R215 million), with sales mainly in the Cornubia industrial and Umhlanga Ridge areas. The various sugar operations are expected to generate operating profit of R1,435 billion (2012: R1,428 billion). Tongaat Hulett’s total sugar production increased by 9 to 1,254 million tons. The major production increase this year was in Zimbabwe, following the 42 increase in sugar production in Mozambique in the previous season. In South Africa, sugar production was, inter alia, impacted by the national transport strike followed by unusually heavy rains in the last three months of the crushing season and production levels remained at the same level as last year. A net charge of R28 million is expected to be reflected on the centrally accounted and consolidation items (2012: R85 million charge).

This trading statement is issued in accordance with the JSE Listings Requirements. The above information has not been reported on by the auditors.


Tongaat
16 May 2013

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INVESTEC BANK LIMITED